Discover Why PAR Technology (PAR) Could Be Your Next Must-Have Tech Stock!

We’ve got our latest update on 10 unstoppable tech stocks to consider. Now, let’s see how PAR Technology Corporation (NYSE:PAR) measures up against these trends.

The tech sector is buzzing with innovation. Technologies like AI and ML are changing how businesses operate. Companies worldwide are pushing to adopt digital solutions to enhance efficiency and engage better with customers. This shift is critical to remain competitive and tap into new growth areas.

In 2024, the technology sector outshined others, with the S&P 500 Information Technology Index seeing a surge of about 37%. This beat the broader S&P 500 Index by 11.5%. As tech companies grow, they attract attention, raising questions about high valuations in the wake of rising inflation and interest rates. JJ Kinahan, CEO of IG North America, noted that the market had a reset due to profit-taking amid these concerns. It’s time for investors to focus on real earnings and the returns from large investments.

On a bright note, Fidelity Investments’ Adam Benjamin pointed out the semiconductor industry’s exceptional performance in 2024, driven by investments in AI infrastructure. His outlook for 2025 is promising, indicating potential growth paired with caution regarding stock valuations.

“The future looks promising for the tech sector. As companies keep innovating and digital solutions grow more vital, I expect to see significant opportunities, especially for software firms leveraging generative AI. However, investment risks remain. Understanding market valuations is crucial as we navigate these advances.”

In our pursuit to find the top unstoppable stocks, we analyzed strong U.S. companies that performed well in 2024 and are likely to thrive in 2025. We focused on tech firms with a market cap of $2 billion or more, which met specific growth criteria: 1. They outperformed the S&P 500 in 2024 (stock price up +22%); 2. Positive revenue growth over five years; 3. Projected EPS growth of over 25% for the next year; 4. A potential upside of at least 10%. We ranked them based on hedge fund interest as of Q3 2024.

Note: All pricing data is accurate as of market close on January 28.

At Insider Monkey, we closely follow hedge fund investments. Our findings suggest that mimicking their top picks can lead to better market performance. Our quarterly newsletter, which selects a mix of stocks, has yielded a return of 275% since May 2014, outperforming the benchmark significantly.

An engineer works in a tech lab, surrounded by tools and components.

Upside Potential: 24%

Number of hedge funds: 24

PAR Technology Corporation (NYSE:PAR) specializes in products and software designed to help hospitality businesses manage their operations better. Their offerings range from point-of-sale systems to customer loyalty programs, serving over 100,000 restaurants worldwide with 500,000 deployed terminals.

What sets PAR apart is its comprehensive technology platform that delivers integrated solutions and data insights. Recent growth in the hospitality sector has boosted demand for its products. The company recently made a strategic acquisition of Delaget LLC, which focuses on restaurant analytics, for $132 million. Delaget services over 30,000 locations. CEO Savneet Singh stated:

“Acquiring Delaget is a significant step for PAR. Their analytics enhance our Operator Cloud solution, helping restaurant operators optimize decisions, cut costs, and improve operations in real-time.”

Overall, PAR ranks 9th among the unstoppable tech stocks right now. While PAR shows promise for growth, AI stocks may provide even better returns in a shorter timeframe. If you’re interested in an AI stock that trades at less than five times its earnings, explore our report on the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. This article was originally published at Insider Monkey.