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Agilysys price target raised to $120 from $90 at Oppenheimer

Oppenheimer raised the firm’s price target on Agilysys (AGYS) to $120 from $90 and keeps an Outperform rating on the shares. The firm says Agilysys’ Q1 results display another strong sales quarter. The bookings strength appears broad-based, and management raised the FY26 subscription revenue guidance. Q1 also had a record number of new logos with record POS & PMS attach-rates. Negatively, the hardware business remains secular challenged despite expectations for growth in FY26. This reversal created a headwind for raising guidance, and may challenge the multiple which is already pricing in material success for Agilysys over the FTM, Oppenheimer adds.

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