---
title: "Analyst Reaffirms Buy on Agilysys, Maintains $120 Price Target Amid Strong Growth and Margin Outlook"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286884474.md"
description: "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."
datetime: "2026-05-19T09:05:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286884474.md)
  - [en](https://longbridge.com/en/news/286884474.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286884474.md)
---

# Analyst Reaffirms Buy on Agilysys, Maintains $120 Price Target Amid Strong Growth and Margin Outlook

In a report released today, Mayank Tandon from Needham reiterated a Buy rating on Agilysys, with a price target of $120.00.

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Mayank Tandon has given his Buy rating due to a combination of factors, including Agilysys’s strong finish to FY26, where the company surpassed expectations in all key metrics and entered FY27 with record sales momentum, bolstered by 20 new customer wins in the fourth quarter. He also highlights that the ongoing rollout of the Marriott property management system is progressing well, supporting management’s new guidance for FY27 that calls for over 30% year-over-year subscription growth for the third straight year and roughly 300 basis points of adjusted EBITDA margin expansion to about 24%.

Tandon further notes that current guidance appears prudent given the broad-based strength in bookings and the potential incremental contribution from Marriott, suggesting estimates could prove conservative. With the stock trading at an estimated FY28 enterprise value-to-revenue multiple of about 5x, he sees meaningful room for multiple expansion as the growth and margin story plays out, justifying the reaffirmation of his Buy rating and an unchanged $120 price target.

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