Agilysys price target raised to $125 from $100 at Needham

Needham raised the firm’s price target on Agilysys to $125 from $100 and keeps a Buy rating on the shares after meeting with its management at the Needham Technology & Media Conference. The firm came away more confident that the management can continue to drive strong subscription revenue growth, win large new logos, and deliver sustained margin expansion, the analyst tells investors in a research note. While Agilysys does not expect to recognize revenue from the flagship Marriott PMS deal until FY26, the company should deliver upside to its initial FY25 subscription revenue growth of guidance of over 27%, Needham added.