Benchmark Lowers its Price Target on PAR Technology (PAR) to $33

PAR Technology Corporation (NYSE:PAR) is one of the 10 Small–Cap Stocks Insiders Are Buying Recently.

On March 16, 2026, Benchmark lowered the price target on PAR Technology Corporation (NYSE:PAR) to $33 from $42 previously and maintained a Buy rating. Benchmark said the company’s announcement of a new, dilutive tranche of convertible debt led to a sharp negative market reaction, reflecting both the increase in fully diluted share count and investor confusion around the timing of the transaction.

On March 12, 2026, PAR Technology Corporation (NYSE:PAR) announced an offering of $225M in convertible senior notes due 2031.

Benchmark Lowers its Price Target on PAR Technology (PAR) to $33

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Earlier in the month, Voss Capital, which beneficially owns about 13.2% of PAR Technology Corporation (NYSE:PAR), issued an open letter urging the board to explore strategic alternatives. Voss Capital said the company’s “data moat” and positioning in enterprise restaurant and retail markets remain strong, but pointed to a “disconnect” between intrinsic value and public market valuation. The firm added that current market conditions are limiting PAR’s ability to pursue accretive M&A and argued that a strategic review could help “maximize shareholder value.”

PAR Technology Corporation (NYSE:PAR) provides cloud-based software and hardware solutions for the restaurant and retail industries.

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