Mayank Tandon, an analyst from Needham, reiterated the Buy rating on Par Technology. The associated price target remains the same with $55.00.
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Mayank Tandon has given his Buy rating due to a combination of factors that highlight Par Technology’s strong market position and growth potential. The company’s multi-product strategy is proving effective in securing Tier-1 global clients and expanding its presence within its existing customer base. This strategic approach is expected to drive significant growth in annual recurring revenue, with projections indicating a potential acceleration to over 20% by early fiscal year 2026.
Furthermore, the stock’s current valuation, with an enterprise value to revenue multiple of approximately 3.5 times the fiscal year 2026 estimate, presents an attractive risk-reward scenario. This valuation, combined with the company’s promising growth trajectory, supports the reiteration of a Buy rating and a price target of $55.
In another report released yesterday, Lake Street also maintained a Buy rating on the stock with a $48.00 price target.