Oppenheimer reiterates Outperform rating on Agilysys, $135 price target

Piper Sandler raised its price target on Agilysys (AGYS) to $140 from $120, citing Q2 FY2027 revenue growth of 17.7% YoY and a 2.6% beat. Subscription revenue grew 32.6% YoY. The company raised its FY2027 subscription revenue growth guidance to over 34%. AGYS shares are up 87% over six months.

Agilysys Inc (AGYS) reported Q2 2027 revenue of $93.4M, up 17.7% YoY, marking 19 straight record quarters. Subscription revenue grew 32.6% to $44.2M. Adjusted EBITDA reached $24.1M. Guidance raised for full-year EBITDA. Marriott PMS project progress noted. AI innovation and hardware attach rates discussed.

Needham raised its price target for Agilysys (AGYS) to $145 from $135, citing strong Q2 results. The company beat revenue and earnings estimates, raised FY2027 guidance, and reported record bookings. Despite an 87% stock surge, InvestingPro data suggests overvaluation. AGYS's PMS and POS revenues grew 53.8% and 18.4% YoY, respectively.

Needham kept a Buy rating on Agilysys with a $145 price target, suggesting a 17.5% upside. The company reported 17.7% revenue growth in 2Q, beating estimates, and raised full-year targets, citing strong demand and Marriott roll-out progress.

Agilysys (AGYS) reported Q3 2026 revenue of $93.36M, up 17.7% YoY, beating estimates. Adjusted EPS was $0.67, 21.5% above consensus. Full-year guidance raised to $376M. Operating margin declined to 16.3%. Growth driven by hotels/resorts segment and subscription revenue, but margin pressures noted.

Agilysys (AGYS) raised its FY2027 revenue outlook to $374M-$378M, expecting at least 34% subscription growth. The update was shared during the Q2 fiscal 2027 earnings call, highlighting the company's optimistic financial projections.