Needham raised the firm’s price target on Agilysys (AGYS) to $140 from $130 and keeps a Buy rating on the shares. The company delivered upside results in Q2, beating revenue and EBITDA expectations on stronger subscription revenue growth, professional services revenue growth, and operating leverage, the analyst tells investors in a research note. Agilysys also posted strong organic subscription revenue growth in both the POS, up 18%, and PMS, up 55%, segments, the firm added.
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