Loop Capital raises Manhattan Associates stock price target to $200

Investing.com - Loop Capital has raised its price target on Manhattan Associates, Inc. (NASDAQ:MANH) to $200.00 from $185.00 while maintaining a Hold rating ahead of the company’s second-quarter earnings report. The supply chain software provider, currently valued at $12.1 billion, has demonstrated strong financial health according to InvestingPro metrics, though it trades at relatively high valuation multiples.

The price target increase comes just before Manhattan Associates is scheduled to release its Q2 2025 earnings on Tuesday after market close.

Loop Capital anticipates $75 million in net new RPO (remaining performance obligation) and expects the company to modestly beat both revenue and earnings estimates.

The firm’s current estimates for Manhattan Associates include $264 million in total revenue (flat year-over-year) and $1.14 in non-GAAP earnings per share, which align with the company’s current guidance.

Loop Capital believes the key focus for investors this quarter will be management’s 2025 outlook, with the firm estimating that Manhattan Associates will increase its full-year revenue guidance by $1-2 million above the second-quarter upside.

In other recent news, Manhattan Associates has seen various analyst actions that could interest investors. Raymond (NSE:RYMD) James reiterated its Outperform rating on the company with a price target of $195, expressing confidence in the new CEO’s strategy to enhance market opportunities. Meanwhile, Morgan Stanley (NYSE:MS) initiated coverage with an Underweight rating and a $190 price target, acknowledging the company’s potential in the growing cloud market. Redburn-Atlantic downgraded its rating from Buy to Neutral and reduced the price target to $200 due to concerns over the company’s reliance on discretionary professional services.

Additionally, Truist Securities raised its price target to $210 and maintained a Buy rating, citing strong growth in cloud subscription revenue and impressive profit and cash flow metrics. DA Davidson also increased its price target to $225, maintaining a Buy rating after attending the company’s Momentum conference, where the focus was on product integration and improved ROI for clients. These developments reflect a range of perspectives on Manhattan Associates’ strategic direction and market positioning.

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