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Agilysys price target lowered to $152 from $178 at Northland

Northland analyst Nehal Chokshi lowered the firm’s price target on Agilysys (AGYS) to $152 from $178 and keeps an Outperform rating on the shares after the company reported fiscal Q4 results. While the firm is reiterating “top pick status” for the stock, it is also de-risking its long-term subscription growth rate from a 29% revenue compound annual growth rate to a 25% revenue CAGR.

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