Agilysys price target raised to $118 from $95 at BTIG

BTIG raised the firm’s price target on Agilysys (AGYS) to $118 from $95 and keeps a Buy rating on the shares. The company’s Marriott (MAR) deal is expected to drive future growth with significant upside potential relative to the current expectations and investors should think about the deal’s full contribution in FY27 discounted back to form the basis of Agilysys valuation, the analyst tells investors in a research note. As the hospitality industry pushes forward on investments in digital services and the backlog of tech investments in the years following the pandemic, BTIG is also bullish on Agilysys base business, the firm added.