Agilysys Inc (AGYS) PT Raised to $140 at Needham

Needham analyst Mayank Tandon raised the price target on Agilysys Inc (NASDAQ: AGYS) to $140.00 (from $130.00) while maintaining a Buy rating.

The analyst commented: "AGYS delivered upside results in 2Q FY26, beating revenue and EBITDA expectations on stronger subscription revenue growth (up 33% Y/Y, ~25% Y/Y organic), professional services revenue growth, and operating leverage, Notably, AGYS posted strong organic subscription revenue growth in both the POS (18% Y/Y) and PMS (55% Y/Y) segments. Additionally, AGYS signed an impressive 18 new clients in the quarter, all of them multi-product subscription based agreements. Given the broad-based sales strength i.e. across all the sub-verticals (Gaming, HRC, and FSM), management raised the FY26 guidance for both revenue and EBITDA. We see potential for the shares to re-rate as the record backlog converts, subscription growth accelerates, and EBITDA margins expand. As such, we are reiterating our BUY rating and raising our target to $140."

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