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Investing.com - Cantor Fitzgerald has maintained its Overweight rating and $125.00 price target on Agilysys Inc (NASDAQ:AGYS), currently trading at $116.94, following the company’s first-quarter results. The company, with a market capitalization of $3.25 billion, has analyst targets ranging from $90 to $152.
The hospitality software provider delivered total revenue that exceeded expectations, primarily driven by strong performance in its subscription revenue segment, according to the research firm.
Profitability came in slightly below expectations due to expense timing issues, while the company maintained its full-year guidance without providing additional updates on expected Marriott revenue impact or timing.
Cantor Fitzgerald noted robust bookings commentary that supports future growth prospects for Agilysys, though the firm suggested the unchanged guidance combined with relatively high valuation multiples might cause shares to experience a temporary pause.
The research firm continues to view Agilysys as well-positioned for long-term success within what it describes as an attractive end-market.
In other recent news, Agilysys Inc. reported its financial results for the first quarter of fiscal year 2026, revealing significant revenue growth. The company exceeded revenue expectations by reporting $76.7 million, surpassing the anticipated $74.35 million, which marks a 3.16% surprise. However, Agilysys’ earnings per share (EPS) came in at $0.33, missing the forecasted $0.36. This represents an 8.33% shortfall in EPS expectations. Following these results, Oppenheimer raised its price target for Agilysys to $120 from $90, maintaining an Outperform rating due to strong sales performance and record new customer acquisitions. Needham also reiterated its Buy rating on Agilysys, maintaining a price target of $130, noting the company’s robust subscription revenue growth of 44.3% year-over-year. The growth in subscription revenue was complemented by positive contributions from professional services revenue. These developments reflect the company’s ongoing strategic efforts and positive reception from analysts.
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