Analyst Reaffirms Buy on Agilysys, Maintains $120 Price Target Amid Strong Growth and Margin Outlook
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Analyst Mayank Tandon from Needham has reaffirmed a Buy rating on Agilysys with a price target of $120, citing strong growth and margin outlook. Agilysys exceeded expectations in FY26, entering FY27 with record sales momentum and 20 new customer wins. The ongoing rollout of the Marriott property management system supports management's guidance for over 30% subscription growth and 300 basis points of adjusted EBITDA margin expansion. Tandon believes current estimates may be conservative, indicating potential for multiple expansion.
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