Par Technology initiated with a Buy at Lake Street

Lake Street analyst Eric Martinuzzi initiated coverage of Par Technology with a Buy rating and $39 price target. Par’s new management has created a multi-product, enterprise software provider tracking to 25% ARR growth and “on the brink of positive cash generation” while it has upgraded the perception of its product in the industry via acquisitions and internal development, said the analyst, who believes the stock is “likewise due for a similar perception upgrade.”