Jack Henry price target lowered to $190 from $204 at DA Davidson

DA Davidson analyst Peter Heckmann lowered the firm’s price target on Jack Henry (JKHY) to $190 from $204 to reflect the pressure on multiples across the space but keeps a Buy rating on the shares ahead of its Q1 results. The firm also believes the company will affirm or modestly raise their initial guidance for fiscal 2026 to reflect the recent acquisition and the recent uptick in bank M&A activity that will likely lead to higher deconversion fees in FY26, the analyst tells investors in a research note.