11 Best Falling Stocks to Buy According to Wall Street Analysts

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9. PAR Technology Corporation (NYSE:PAR)

Year to date returns: -52.85%

52 Week Range: $31.65- $82.24

Current Share Price: $34.51

Stock Upside Potential: 63.43%

Number of hedge fund holdings: 28

PAR Technology Corporation (NYSE:PAR) is one of the best falling stocks to buy, according to Wall Street analysts. PAR Technology Corporation (NYSE:PAR) holds 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, implying a 63.43% upside from the current $34.51.

On November 19, BTIG analyst Andrew Harte reaffirmed a Buy rating on Par Technology (PAR) and set a $60 price target. Earlier, on November 5 at the Stephens Annual Investment Conference, CEO Savneet Singh reiterated that the company is transitioning into a unified cloud-native platform for restaurants and convenience stores.

Amid the transition, the company is targeting mid-teens annual recurring revenue growth driven by its Operated Cloud Business. The company is also banking on a significant backlog to drive revenue growth amid a strong and refreshed pipeline.

Part of the strategy also entails accelerating the integration of artificial intelligence 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 is also prioritizing strategic partnerships with major US brands to enhance global deployments of its solutions. Erbert & Gerbert’s Sandwich Shop is the latest to select it 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 company that provides technology solutions for the restaurant industry, offering a unified system that includes point-of-sale (POS), loyalty programs, ordering, payments, and operations software.

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