Jack Henry price target raised to $175 from $155 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Jack Henry (JKHY) to $175 from $155 and keeps a Neutral rating on the shares. Jack Henry’s shares outperformed on stronger-than-expected revenue and margin gains, supported by improving execution in Payments and continued momentum in migrating on-prem customers to its private cloud, the analyst tells investors in a research note. While competitive dynamics and slower migration trends remain watch points, the company’s solid performance appears fully reflected in its premium valuation, with further upside dependent on sustained margin expansion or renewed top-line acceleration, Goldman Sachs argues.