Agilysys price target raised to $105 from $88 at Northland

Northland analyst Nehal Chokshi raised the firm’s price target on Agilysys (AGYS) to $105 from $88 and keeps an Outperform rating on the shares. Data points suggest 35,000 hotel properties on Oracle (ORCL) on-premise PMS are being transitioned to cloud based over the next three years, which represents a large well of near to mid-term market share gain opportunity for Agilysys, the analyst tells investors.