Oppenheimer lowered the firm’s price target on Agilysys (AGYS) to $135 from $150 and keeps an Outperform rating on the shares. The firm notes Agilysys’s Q3 results and FY25 guidance missed Street expectations, driven by a revenue shortfall from elongating cycles in the POS business and not enough Services resources. Positively, the subscription business continues performing well, with upside in Q3 and strong commentary on the bookings, attach rates, and pipeline momentum, adds Oppenheimer.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AGYS:
- Agilysys Reports Record Revenue, Highlights Growth
- Closing Bell Movers: Netflix soars 14% after earnings beat
- Agilysys cuts FY25 revenue view to $273M from $280M-$285M, consensus $281.9M
- Agilysys down 3% at $122.11 after Q3 results, FY25 revenue guidance cut
- Agilysys reports Q3 EPS 38c, consensus 34c
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue