Agilysys price target lowered to $90 from $140 at Oppenheimer

Oppenheimer lowered the firm’s price target on Agilysys (AGYS) to $90 from $140 and keeps an Outperform rating on the shares. The firm cites lower software group multiples and Marriott forecast. In the firm’s view, the shares are attractive for long-term investors as investors could be underappreciating a durable growth opportunity for Agilysys in the hospitality market. Oppenheimer sees potential upside to Q4 2026 results and FY27 revenue guidance vs. consensus despite weak travel trends, and believes a more constructive post-earnings estimate revision trend could support the stock given depressed expectations after the sharp year-to-date selloff.