Agilysys price target raised to $125 from $120 at Oppenheimer

Oppenheimer raised the firm’s price target on Agilysys (AGYS) to $125 from $120 and keeps an Outperform rating on the shares after meeting with the company CFO Dave Wood. The firm left the meeting remaining positive on the sales momentum, PMS business trajectory, new logos, POS & PMS attach rates, the structural advantages from the breadth of the platform architecture and partner ecosystem, the Marriott opportunity, and durability of the competitive moat. In Oppenheimer’s view, Agilysys is one of the more defensible SMiD-Cap software businesses in the AI transition. While the firm isn’t updating its forecast, its confidence is increasing that the Q2 and FY2026 consensus estimates are achievable, and that Agilysys can be a relative outperformer in software through year-end.