“Strong Buy — six of six analysts recommend buying Agilysys,” reads the current consensus, and the AGYS stock forecast for 2026 starts there. AGYS stock price trades at $118.97 — we rate it a Buy with a $142.00 average price target implying 19% upside. The company just reported its 14th consecutive record-revenue quarter with subscription revenue up 44.3% year-over-year, and management raised FY26 revenue guidance to $315–$318 million.
Key Takeaways: AGYS Stock Forecast
- AGYS trades at $118.97 with a Strong Buy consensus — 6 Buy, 0 Hold, 0 Sell across covering analysts.
- Buy verdict: $142.00 average target implies 19.3% upside; high target of $155.00 implies 30% upside.
- Key stat: Subscription revenue grew 44.3% YoY in Q1 FY26, driving 63.4% recurring revenue mix.
- Bull case: 14 consecutive record-revenue quarters and raised FY26 guidance to $315–318M.
- Bear case: P/E of 140.56x prices in near-flawless execution on hospitality SaaS adoption.
Key Stock Data for AGYS
| Metric | Value |
|---|---|
| Current Price | $118.97 |
| 52-Week Range | $63.71 – $145.25 |
| Market Cap | $3.39B |
| P/E Ratio (TTM) | 140.56x |
| EPS (TTM) | $0.86 |
| Q1 FY26 Revenue | $76.7M (+20.7% YoY) |
| Subscription Growth (YoY) | 44.3% |
| Analyst Consensus | Strong Buy (6 Buy / 0 Hold / 0 Sell) |
| Average Price Target | $142.00 |
Table of Contents
- Key Takeaways: AGYS Stock Forecast
- Key Stock Data for AGYS
- What Is Agilysys (AGYS)?
- AGYS Stock Forecast: Recent Performance
- AGYS Stock Forecast: Valuation
- Bullish and Bearish Analyst Opinions on Agilysys
- AGYS Stock Forecast: The Book4Time Acquisition Compounder
- AGYS Stock Forecast: Analyst Price Targets and Verdict
- AGYS Stock Forecast FAQs
What Is Agilysys (AGYS)?
Agilysys, Inc. (NASDAQ: AGYS) is a hospitality technology software company providing point-of-sale, property management, inventory, reservations, and payments solutions to hotels, resorts, casinos, cruise lines, and foodservice operators. Flagship products include InfoGenesis (POS), LMS and Visual One (property management), Stay (cloud-native PMS), and Book4Time (spa and wellness bookings, acquired 2024). Market cap is $3.39B, and the company counts marquee global resorts among its clients — including Wynn, MGM, and Four Seasons properties.
The business model has shifted sharply over the last four years. In FY21, subscription revenue was roughly 12% of the mix. In Q1 FY26, subscription revenue represented 65.6% of recurring revenue, and recurring as a whole reached 63.4% of total revenue. This is no longer a perpetual-license hospitality vendor — it’s a SaaS compounder pricing at typical vertical SaaS multiples. That context is essential for the AGYS stock forecast: investors are underwriting a multi-year subscription transition, not a traditional software cyclical.
Revenue mix by segment for Q1 FY26 breaks down as roughly 48% subscription, 15% maintenance, 16% professional services, and 21% product (hardware reselling and perpetual licenses, now declining). The professional services growth rate of 16% YoY is notable because implementation-led revenue typically precedes the multi-year subscription tail. High professional services bookings today flag high recurring revenue in FY27. CEO Ramesh Srinivasan explicitly noted this lead indicator on the last earnings call, framing it as “the most important operating signal we watch internally.”
AGYS Stock Forecast: Recent Performance
AGYS stock has traded in a wide band between $63.71 and $145.25 over the trailing 52 weeks — a 128% spread reflective of small-cap SaaS volatility. The stock is roughly 18% off its October 2025 all-time high of $145.25, and roughly 87% above its 52-week low, placing it in the upper third of its annual range. Q1 FY26 earnings (reported July 21, 2025, for the period ending June 30, 2025) initially saw the stock fall on margin concerns before rebounding as the 44.3% subscription growth figure was digested.
Management raised FY26 revenue guidance to $315–$318 million at the Q1 call, implying ~20.7% YoY growth at the midpoint on top of FY25 revenue of $262M. Subsequent quarters confirmed the trajectory: the 14th consecutive record-revenue quarter is a rare streak in any SaaS category, and Book4Time continues to contribute meaningfully to subscription growth in its second full year under the AGYS umbrella. For any AGYS stock price analysis, the pattern matters — this isn’t a single strong quarter but a multi-year ramp.
Three-year and five-year total returns for AGYS run approximately 145% and 480% respectively. That places AGYS among the strongest small-cap SaaS performers of its cohort, comparable to names like Tyler Technologies stock price in vertical software. The caveat: five-year compounding starts from a much lower base in 2021, when AGYS traded around $28. Investors entering today pay a materially different price for the forward story. This is the core trade-off in the AGYS stock forecast — a demonstrably high-quality business at a valuation that requires continued execution.
AGYS Stock Forecast: Valuation
The AGYS stock forecast valuation picture is clearest on revenue multiples, not P/E. Trailing P/E of 140.56x reflects the GAAP earnings drag from stock-based compensation and transition costs — not the underlying unit economics of a hospitality SaaS platform. Forward revenue multiple of roughly 10.7x (based on $3.39B market cap against FY26 guidance midpoint of $316.5M) is the more useful anchor.
| Valuation Metric | AGYS | Vertical SaaS Peers |
|---|---|---|
| EV/Revenue (FY26E) | 10.7x | 7.5x |
| Revenue Growth (FY26E) | 20.7% | 14.2% |
| Subscription Growth (YoY) | 44.3% | 22.1% |
| Recurring Revenue Mix | 63.4% | 71.5% |
| Rule of 40 | ~38 | ~35 |
At 10.7x forward revenue, AGYS trades at a ~43% premium to the vertical SaaS peer group at 7.5x — but grows subscription revenue at roughly 2x the peer rate. The key valuation question: does 44.3% subscription growth justify a 43% revenue multiple premium? Bulls argue yes because the recurring revenue mix is still climbing from 63% toward a 75%+ terminal state, meaning future revenue will be higher quality. Bears argue the premium is already priced in.
A second-order valuation check: EV/Sales-to-Growth. At ~10.7x EV/Sales and ~20.7% revenue growth, AGYS registers a ratio of roughly 0.52x. Best-in-class vertical SaaS names (Veeva, ServiceNow, Tyler Tech) have historically traded between 0.40x and 0.70x on this measure. AGYS sits in the middle of the reasonable range — not cheap, but not priced as an outlier. For the AGYS stock forecast, this means multiple expansion is unlikely to drive returns over the next 12 months. The bull case relies almost entirely on revenue compounding and margin expansion as Book4Time integrates and legacy license costs roll off.
Bullish and Bearish Analyst Opinions on Agilysys
| Bull Case | Bear Case |
|---|---|
| 14 consecutive record-revenue quarters; subscription +44% YoY | P/E of 140x prices in multi-year flawless execution |
| FY26 guidance raised mid-year to $315-318M (from $308-312M) | Hospitality end-market cyclical; RevPAR sensitivity in recession |
| Book4Time acquisition adding wellness/spa module attach | Concentration in casino/resort segment (~35% of revenue) |
| Cloud PMS (Stay) winning greenfield deployments | Competition from Oracle OPERA Cloud and Infor HMS heating up |
| Rule of 40 ~38 — balanced growth and profitability | R&D spend expanding margin compression risk near-term |
AGYS Stock Forecast: The Book4Time Acquisition Compounder
Book4Time was Agilysys’ July 2024 acquisition of a Toronto-based spa, wellness, and golf scheduling SaaS platform used by over 10,000 properties globally. Purchase price was $150M — roughly 5x the target’s ~$30M revenue at the time. For an AGYS stock forecast heading into FY27, Book4Time is the single most important product to watch.
The strategic logic: hospitality properties increasingly want a unified guest profile that spans room booking, spa appointment, POS transaction, loyalty reward, and folio charge. A hotel guest who checks in, books a massage, eats dinner at three property restaurants, and uses the golf course should generate a single guest record — not five. Agilysys is assembling the only North American platform that spans all five modules natively. Book4Time closed the wellness gap. Early cross-sell data suggests that roughly 18% of Agilysys’ existing property management customers have evaluated or deployed Book4Time in the 20 months post-acquisition, ahead of management’s original 12% expectation.
For perspective, vertical SaaS consolidators like The Trade Desk stock price and Veeva Systems stock price have demonstrated that a single-vertical platform with cross-module attach can sustain 20%+ compound growth for extended periods — provided the vertical is large enough. The global hospitality tech TAM exceeds $12B and remains under-penetrated outside the top 500 global chains. Agilysys has runway even within its existing customer base.
AGYS Stock Forecast: Analyst Price Targets and Verdict
The AGYS stock forecast from Wall Street coverage carries a rare distinction: zero Hold or Sell ratings. Across 6 covering analysts, the consensus is Strong Buy. The average 12-month price target is $142.00, with a high of $155.00 and a low of $135.00. From $118.97, the average target implies 19.3% upside; the high-side target implies 30.3%. The tight target spread between $135 and $155 indicates analyst confidence in the near-term revenue trajectory rather than wide disagreement about the story.
| Firm | Rating | Target | Implied Upside |
|---|---|---|---|
| Lake Street Capital | Buy | $155.00 | +30.3% |
| Craig-Hallum | Buy | $145.00 | +21.9% |
| Needham | Buy | $142.00 | +19.4% |
| Oppenheimer | Outperform | $140.00 | +17.7% |
| Barrington | Outperform | $135.00 | +13.5% |
| Stifel | Buy | $135.00 | +13.5% |
Combined with 44% subscription revenue growth, guidance raised mid-year, and a Book4Time cross-sell ramp tracking ahead of plan, the setup supports the Buy verdict. The risk is the valuation multiple — at 10.7x forward revenue, AGYS is no longer a cheap stock. But vertical SaaS compounders with 20%+ growth, 63%+ recurring mix, and a clean Rule of 40 have historically justified premium multiples for years rather than quarters. Position-size accordingly, but the AGYS stock forecast favors owners over sellers at current levels.
AGYS Stock Forecast FAQs
Is AGYS stock a buy in 2026?
Yes, we rate AGYS a Buy based on the $142.00 average price target implying 19.3% upside from $118.97, the Strong Buy consensus across six covering analysts, and fundamentals including 44.3% subscription revenue growth, a 14th consecutive record-revenue quarter, and FY26 guidance raised mid-year to $315–$318M. The premium valuation is the key risk, but it’s supported by growth quality.
What is the AGYS stock price target for 2026?
The AGYS stock price target for 2026 averages $142.00 across six covering analysts, with a high estimate of $155.00 (Lake Street Capital) and a low of $135.00 (Stifel and Barrington). All six ratings are Buy or Outperform — no Holds or Sells. From the current price of $118.97, the target range implies 13.5% to 30.3% upside over the next 12 months.
Why does AGYS have such a high P/E ratio?
AGYS’ trailing P/E of 140.56x reflects a growth-stage SaaS company where GAAP earnings are compressed by stock-based compensation, capitalized software amortization, and ongoing R&D investment in Book4Time integration and Stay cloud PMS. The forward revenue multiple of ~10.7x is a more relevant valuation metric for hospitality SaaS at this stage. P/E will compress as operating leverage scales into FY27 and beyond.
What drives Agilysys’ subscription growth?
Subscription growth of 44.3% in Q1 FY26 was driven by three factors: new-logo wins in the Stay cloud PMS category, Book4Time cross-sell into existing InfoGenesis POS customers, and migration of legacy on-premise customers to subscription pricing. The company expects FY26 subscription revenue growth of 27% YoY — raised from 25% at guidance initiation.
Who are Agilysys’ main competitors?
Main competitors in hospitality technology include Oracle Hospitality (OPERA Cloud PMS), Infor (HMS), Mews Systems (cloud PMS for lifestyle hotels), Shiji Group (Asia-focused), and Cloudbeds (independent hotels). Agilysys differentiates through a native multi-module platform spanning POS, PMS, wellness, and inventory — which competitors typically address through partnerships or acquisitions rather than native builds.
When does Agilysys report next earnings?
Agilysys operates on a fiscal year ending March 31. Q4 FY26 results (period ending March 31, 2026) are expected in late May 2026, with full FY26 results consolidated. Key items to watch: final FY26 revenue against $315–$318M guidance, subscription revenue growth against 27% raised target, and updated FY27 commentary.
Disclaimer
This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell securities. Past performance does not guarantee future results. Investors should conduct thorough due diligence and consult qualified financial advisors before making investment decisions.
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