Par Technology price target lowered to $18 from $40 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Par Technology (PAR) to $18 from $40 and keeps a Neutral rating on the shares. Shares underperformed following modestly weaker profitability at Par, despite adding roughly $17M in sequential annual recurring revenue and maintaining mid-teens organic ARR growth, the analyst tells investors in a research note. While 2026 faces headwinds from hardware margin pressure and ARR softness due to shedding less profitable customers, the firm suggests that the 27% post-earnings share decline may be overdone despite near-term top-line pressures.