- PAR Technology is a leading point of sale vendor targeting the restaurant market.
- The company has successfully embarked on a product transformation process that is now paying dividends.
- Performance through the pandemic has been strong and the company has sufficient cash to weather the crisis.
- Valuation is compelling at just 7x EV/revenues, whereas I see the stock appreciating to the 10x EV/Revenue multiple range over time due to strong growth trends and differentiated technology.
- My price target of $90 presents nearly 42% upside from here based on my 10x EV/revenue valuation multiple.
For further details see:
PAR Technology Corporation: Leading Point Of Sale Vendor At A Compelling Valuation