Agilysys, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Mayank Tandon from Needham reiterated a Buy rating on the stock and has a $140.00 price target.
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Mayank Tandon has given his Buy rating due to a combination of factors that suggest strong future performance for Agilysys. The company’s subscription growth is expected to accelerate in the near to medium term, driven by robust momentum in point-of-sale (POS) and property management system (PMS) bookings across various sub-segments such as Casinos, Hospitality, and Food Service Management.
Additionally, Agilysys has achieved significant success in acquiring large enterprise customers, with notable approvals from major clients like IHG for its POS product. The scheduled roll-out of the Marriott PMS is also on track, with a full implementation expected over fiscal years 2027 and 2028. These developments, combined with a record backlog, are anticipated to enhance subscription growth and expand margins, supporting the Buy rating and a target price of $140.
In another report released on December 4, Oppenheimer also reiterated a Buy rating on the stock with a $140.00 price target.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AGYS in relation to earlier this year.