Agilysys Inc (AGYS) PT Raised to $118 at Oppenheimer

Oppenheimer analyst Brian Schwartz raised the price target on Agilysys Inc (NASDAQ: AGYS) to $118.00 (from $100.00) while maintaining a Outperform rating.

The analyst commented: "We reiterate our Outperform rating on Agilysys and raise our PT to $118 after the company reported a good beat-and-raise for F1Q27. The F1Q business strength was driven by large deals, International, faster backlog conversion, and services margin. In addition, the Marriott engagement is on plan, according to management. Negatively, F1Q deal volume ticked down and a high teens percentage medium-term POS growth rate guide could prove aggressive given that segment's competitive intensity, though it reveals a low POS market share, too. Nevertheless, AGYS's KPIs and estimates are moving higher and management commentary implies a mid-to-high 20% growth trajectory for the core PMS business (ex-Marriott). These data points, plus the revenue predictability of the Marriott engagement, lend good support to AGYS's revenue and margin acceleration story and multiples."

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