Oppenheimer raised the firm’s price target on Agilysys (AGYS) to $130 from $125 and keeps an Outperform rating on the shares. The firm notes Agilysys Q2 results display strong sales, an increasing beat magnitude, and record cash generation for a Q2. The bookings strength is broad-based with record backlog and average products attached, healthy customer metrics, and FY26 total and subscription revenue targets raised above the Q2 beats. Negatively, gross margin remains in the low 60s% from lower utilization as double-digit growth in sales and service hires this FY ramp, and mix, Oppenheimer adds.
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Read More on AGYS:
- Agilysys’s Strong Financial Performance and Growth Potential Justifies Buy Rating and Increased Price Target
- Agilysys Reports Record Revenue and Raises Guidance
- Closing Bell Movers: Rambus slips 9%, F5 down 6% after Q3 earnings
- Agilysys raises FY26 revenue view to $315M-$318M from $308M-$312M
- Agilysys reports Q2 adjusted EPS 40c, consensus 38c