Manhattan Associates stock positioned for strong SaaS growth, says Truist

Investing.com - Truist Securities has reiterated its Buy rating and $230.00 price target on Manhattan Associates, Inc. (NASDAQ:MANH), currently trading at $216.84 with a market capitalization of $13.07 billion, following meetings with the company’s management team. According to InvestingPro data, the company maintains a "GREAT" financial health score of 3.06 out of 5.

The research firm highlighted Manhattan Associates’ commitment to sustained strong cloud subscription revenue growth through targeted investments and platform innovation.

Truist Securities analyst Terry Tillman noted the company’s differentiated platform innovation cycle will soon include the release of revenue-generating agentic AI solutions.

The analyst’s comments came after Truist Securities hosted an investor dinner with Manhattan Associates’ senior management as part of its Technology Symposium titled "AI Transformation & Evolving Enterprise Debates."

Manhattan Associates’ participants at the dinner included President and CEO Eric Clark, EVP and CFO Dennis Story, EVP and CTO Sanjeev Siotia, and Head of Investor Relations Mike Bauer.

In other recent news, Manhattan Associates reported impressive financial results for the second quarter of 2025, surpassing analyst expectations. The company achieved an adjusted earnings per share (EPS) of $1.31, outperforming the forecasted $1.13. Revenue also exceeded projections, reaching $272 million compared to the anticipated $263.64 million. In light of these results, DA Davidson raised its price target for Manhattan Associates to $250 while maintaining a Buy rating. The firm attributed the strong performance to new logo wins and effective expense management. These developments reflect a positive outlook from analysts regarding the company’s financial health and strategic execution.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.