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Par Technology price target lowered to $28 from $48 at Lake Street

Lake Street analyst Eric Martinuzzi lowered the firm’s price target on Par Technology (PAR) to $28 from $48 and keeps a Buy rating on the shares. While stating that Par is progressing well with its Tier 1 opportunities and noting that ARR is maintaining a mid-teens growth rate, the firm is lowering its target to account for broader multiple compression in the SaaS space and lower revenue and AEBITDA estimates for 2026.

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