15 Hot Tech Stocks to Buy Right Now

11. PAR Technology Corp. (NYSE:PAR)

Upside Potential: 25%

Number of Hedge Funds: 24

PAR Technology Corp. (NYSE:PAR) develops and markets products and software that help hospitality operators worldwide to better manage finances, materials, personnel, and the guest experience. Its product and service offerings include point-of-sale (PoS) systems, customer engagement and loyalty programs, digital ordering and delivery solutions, operational intelligence technologies, and payment processing services. Currently, over 100,000 restaurants utilize its software, and the company has deployed 500,000 terminals globally.

PAR Technology Corp. (NYSE:PAR) stands out by offering a diverse range of hardware products and a unified technology platform that provides integrated solutions and advanced data insights. The increasing use of technology in the hospitality and retail sectors is driving demand for the company’s products. In early January 2025, PAR Technology acquired Delaget LLC, a leading provider of restaurant analytics and business intelligence solutions, for $132 million. Delaget boasts an impressive portfolio, servicing over 30,000 locations and more than 125 brands. Savneet Singh, the company’s CEO and President, remarked:

“The acquisition of Delaget marks another strategic milestone in PAR’s mission to build the industry’s most comprehensive food service platform. Delaget’s analytics capabilities perfectly complement our Operator Cloud solution, while offering immediate value to our customers through enhanced back-office capabilities, delivery operations, and data-driven insights. Our combination will help restaurant operators make better decisions, reduce costs, and drive operational excellence in real-time. Access to the Delaget product suite will accelerate development timeframes of the PAR Data Platform, a major initiative that unites data across a restaurant’s tech stack to provide unparalleled guest and operational insights.”