PAR Technology (PAR) Advances Cloud-Native Strategy, Earning Analyst Confidence

Bar Technology Corporation (NYSE:nominal) He is One of the best bearish stocks to buy, according to Wall Street analysts. PAR Technology Corporation (NYSE:PAR) has a Strong Buy consensus from 7 analysts, with 6 Buys and 1 Hold. The average price target is $56.40, ranging from $42 to $77, which implies an upside of 63.43% from the current price of $34.51.

On November 19, BTIG analyst Andrew Hart reaffirmed a Buy rating on Par Technology (PAR) and set a price target of $60. Earlier, on November 5 at Stevens’ annual investment conference, CEO Savineet Singh confirmed that the company is moving to a unified cloud platform for restaurants and stores.

Amid this transition period, the company is targeting annual recurring revenue growth in the mid-teens driven by its managed cloud business. The company is also relying on a large backlog to drive revenue growth amid a strong and renewed pipeline.

Part of the strategy also involves accelerating the integration of AI into products while enhancing back-office operations and customer engagement. PAR Technology is increasingly launching AI-powered SKUs, such as Coach AI, for back-office operations while developing AI solutions for loyalty program management.

The company also prioritizes strategic partnerships with major US brands to advance the global deployment of its solutions. Erbert & Gerbert’s Sandwich Shop is the latest to be chosen to provide point-of-sale, payment processing, delivery loss recovery and menu management solutions across its 80 locations.

PAR Technology Corporation (NYSE:PAR) is a technology solutions company for the restaurant industry, offering a unified system that includes point-of-sale (POS), loyalty, ordering, payments, and operations software.

While we recognize PAR’s potential as an investment, we believe some AI stocks offer greater upside potential and carry less downside risk. If you’re looking for undervalued AI stocks that will also benefit significantly from the Trump-era tariffs and the reshoring trend, check out our free report on Best AI stocks for short term.

Read next: The 12 best silver mining stocks to invest in now and 10 Chinese technology stocks to buy now.

Disclosure: None. This article was originally published on The monkey inside.