PAR Technology (PAR) Stock Forecast & Price Target

PAR Technology Corp has demonstrated notable momentum in its business performance, achieving its highest win rates ever in 2025 while simultaneously strengthening its competitive moat through ongoing product expansion and improvement. The company's annual recurring revenue (ARR) growth is projected to strengthen, moving from its current mid-teens growth rate toward a target of 20% by early FY26, driven by the successful rollout of key partnerships, such as with Burger King, and the activation of new multi-product deals. Additionally, PAR's expansion of its total addressable market (TAM) through strategic acquisitions and organic investments, along with an anticipated improvement in operating cash flow, underscores the company's capacity for continued growth and profitability in the foodservice technology sector.

PAR Technology Corp has faced significant challenges in 2023, with its stock down 24% year-to-date, primarily stemming from ongoing operating losses linked to its growth investments within the restaurant and retail sectors. The company is also contending with critical downside risks, including heightened competition, stalled location growth, and the potential for a global economic downturn, which may hinder its ability to achieve profitability. Furthermore, the threat of losing major customers to competitors, such as TOST, compounds these challenges, creating uncertainty about PAR's future revenue growth and market position.