Oppenheimer lowered the firm’s price target on Agilysys (AGYS) to $135 from $150 and keeps an Outperform rating on the shares. The firm notes Agilysys’s Q3 results and FY25 guidance missed Street expectations, driven by a revenue shortfall from elongating cycles in the POS business and not enough Services resources. Positively, the subscription business continues performing well, with upside in Q3 and strong commentary on the bookings, attach rates, and pipeline momentum, adds Oppenheimer.
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