BTIG upgraded Par Technology (PAR) to Buy from Neutral with a $65 price target The company’s $100M sales pipeline will allow it “comfortably” post 15%-plus growth for the next several years, the analyst tells investors in a research note. The firm points out that Par is competing for three “megadeals” with top-20 restaurant brands, which are not included in its sales pipeline and could push its growth to 20%. Par is proving to be the “premiere” enterprise restaurant tech solution and deserves a premium multiple, contends BTIG.
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