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Agilysys price target raised to $95 from $83 at BTIG

BTIG analyst Matthew VanVliet raised the firm’s price target on Agilysys (AGYS) to $95 from $83 and keeps a Buy rating on the shares after its Q3 earnings beat. The analyst cites the company’s better Subscription and Services growth on top of its best ever bookings quarter, even before including the Marriott (MAR) mega-deal announced mid-December. With the deal set to impact services revenue in FY24 and significantly higher Subscription in FY25, BTIG sees momentum driving the model upward on the top and bottom lines.

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