Maxim Group analyst Allen Klee maintained a Buy rating on Agilysys (AGYS) today and set a price target of $25. The company’s shares closed yesterday at $20.60, close to its 52-week high of $21.38.
Klee commented:
“We raise our adjusted F2020 EBITDA and EBITDA margin forecast as we expect greater recurring revenue from SaaS offerings to improve profitability. Due to mix shift from greater SaaS offerings, we lower our F2020 revenue growth rate estimate to 10.5%, from 13%.”
According to TipRanks.com, Klee is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -7.5% and a 36.8% success rate. Klee covers the Technology sector, focusing on stocks such as Sify Technologies Limited, Dolphin Entertainment Inc, and Atlantic Tele-Network.
Currently, the analyst consensus on Agilysys is a Moderate Buy with an average price target of $25.
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The company has a one-year high of $21.38 and a one-year low of $11.58. Currently, Agilysys has an average volume of 96.35K.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is neutral on the stock.
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Agilysys, Inc. is a technology company. It offers innovative software for point-of-sale, payment gateway, reservation and table management, guest offers management, property management, inventory and procurement, analytics, document management, and mobile and wireless solutions and services to the hospitality industry.
