Par Technology (PAR – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Mayank Tandon from Needham reiterated a Buy rating on the stock and has a $90.00 price target.
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Mayank Tandon has given his Buy rating due to a combination of factors that highlight Par Technology’s strong growth potential. The company has recently secured 10 new customer wins, which have contributed to robust growth in subscription services revenue, showing an approximate 20% year-over-year increase. This growth is further supported by a healthy expansion in EBITDA margins, indicating improved profitability.
Additionally, Par Technology’s strategic wins with major clients, including four Tier-1 companies such as Wendy’s and Popeyes, bolster confidence in its future performance. The ongoing rollout with Burger King and a growing pipeline suggest that subscription services are poised to exceed current growth trends in the latter half of the fiscal year and into FY26. Given these positive developments and the potential for further Tier-1 client acquisitions, Tandon believes the stock has the potential to be re-rated higher, justifying the Buy rating and a target price of $90.