15 Stocks That Took a Nosedive in January

4. Agilysys, Inc. (NASDAQ:AGYS)

30-day Decline as of February 3, 2025: 34.5%

Agilysys, Inc. (NASDAQ:AGYS) is a software company that develops software and other enterprise products for businesses in the hospitality industry. AGYS’s stock price reached $87.31, registering a 34.5% decline from $133.26 apiece on January 3.

During the period, the stock saw a significant decline between January 21 and January 27, going from $125.9 to $89.73. On January 22, analyst firm, Oppenheimer lowered its price target of Agilysys, Inc. (NASDAQ:AGYS) from $150 to $135, keeping an outperform rating on the stock.

The analyst firm highlighted that the stock missed Street expectations for its fiscal third-quarter guidance, due to a decline in revenue. According to the firm, the decline was due to the widening cycle in the POS space. On the same day, analyst firm, Needham, lowered its price target for the stock from $145 to $125 for similar reasons.

Despite the steep decline, the stock does have a strong upside for its subscription business and a solid momentum, urged the two analyst firms. Overall, analysts maintain a bullish outlook on the stock with their median price target of $145 pointing to an upside of 67%.