Par Technology price target lowered to $45 from $60 at Stephens

Stephens analyst Charles Nabhan lowered the firm’s price target on Par Technology (PAR) to $45 from $60 and keeps an Overweight rating on the shares. While a lack of commentary around Tier 1 wins “may disappoint,” the firm believes Par continues to progress on its large opportunities and maintains strong visibility into mid-teen ARR growth in 2026, the analyst tells investors.