American Software price target raised to $17 from $16 at Maxim

Maxim analyst Matthew Galinko raised the firm’s price target on American Software to $17 from $16 and keeps a Buy rating on the shares. American Software’s Q1 revenue and adjusted EBITDA beat consensus estimates, and management is confident in previously issued guidance for fiscal 2025, the analyst tells investors in a research note. The firm believes American Software’s self-funding business, cash balance, and debt-free balance sheet allow flexibility.