Agilysys Analysts Raise Their Forecasts After Better-Than-Expected Q2 Results

Agilysys Inc (NASDAQ: AGYS ) reported better-than-expected earnings for the second quarter on Monday.

The company posted quarterly earnings of 49 cents per share which beat the analyst consensus estimate of 40 cents per share.

The company reported quarterly sales of $87.677 million which beat the analyst consensus estimate of $85.981 million.

Agilysys raised its FY2027 sales guidance from $365.000 million-$370.000 million to $368.000 million-$373.000 million.

Ramesh Srinivasan, President and CEO of Agilysys, said, “Q1 Fiscal 2027 was another good quarter with the overall business fundamentals making excellent progress.

Revenue was a record $87.7 million, the 18th consecutive record revenue quarter, driven by subscription growth of 26% and record professional services revenue of $19.6 million.” Agilysys shares gained 1.2% to $104.50 in pre-market trading.

These analysts made changes to their price targets on Agilysys following earnings announcement.

Piper Sandler analyst Billy Fitzsimmons maintained the stock with an Overweight rating and raised the price target from $110 to $120.

Needham analyst Mayank Tandon maintained the stock with a Buy and raised the price target from $120 to $130.

Considering buying AGYS stock? Here’s what analysts think: Photo via Shutterstock