Agilysys (AGYS), a leading provider of hospitality software solutions, saw its stock price soar 12.91% in pre-market trading on Tuesday. The significant uptick comes on the heels of the company's impressive second-quarter earnings report, raised guidance, and a series of positive analyst actions.

The company recently announced record revenue for the second quarter and raised its guidance, showcasing robust growth and strong market positioning. This stellar performance caught the attention of Wall Street analysts, prompting several upgrades and increased price targets. Needham raised its price target for Agilysys from $130 to $140, while Oppenheimer bumped its target from $125 to $130, maintaining an Outperform rating. Northland Capital also joined the bullish chorus, increasing its target price to $155 from $152.

The positive sentiment surrounding Agilysys is further reinforced by the consensus among analysts polled by FactSet, who maintain an average rating of Buy for the company with a mean price target of $139.40. As investors digest the strong earnings report and bullish analyst views, Agilysys appears well-positioned for continued growth in the competitive hospitality technology sector. The stock's pre-market surge suggests that market participants are optimistic about the company's future prospects and its ability to capitalize on the growing demand for innovative hospitality software solutions.