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Investing.com - Raymond (NSE:RYMD) James has reiterated an Outperform rating and $195.00 price target on Manhattan Associates, Inc. (NASDAQ:MANH). According to InvestingPro data, the stock currently trades at $199.99, with analyst targets ranging from $185 to $230.
The firm expects new CEO Eric Clark, who took the helm earlier this year, to make targeted investments in the company’s go-to-market strategy, including further focus on cross-sell and upsell opportunities.
Raymond James believes Manhattan Associates’ dominant position in Warehouse Management Systems (WMS) and its potential renewal cycle over the next few years could lead to improved deal activity in products like Transportation Management Systems (TMS) and Point of Sale in coming quarters.
The firm also notes that services projects delayed in 2025 could set the stage for more robust growth in services next year, providing what it describes as a "highly visible acceleration story" that has become increasingly rare in the software sector.
Raymond James suggests investors may not fully appreciate the potential magnitude of growth in Remaining Performance Obligation (RPO) dollars expected in 2026 and 2027 as WMS customers come up for renewal, which could appeal to long-term investors.
In other recent news, Manhattan Associates, Inc. has been the subject of various analyst assessments and strategic updates. Truist Securities raised its price target for the company to $210, maintaining a Buy rating, citing confidence in Manhattan Associates’ growth in cloud subscription revenue and its strategic direction. DA Davidson also increased its price target to $225, keeping a Buy rating, following insights from the company’s Momentum conference, which emphasized product integration and enhanced ROI for clients. Conversely, Redburn-Atlantic downgraded the stock from Buy to Neutral, adjusting the price target to $200, due to concerns over the company’s reliance on discretionary professional services. Meanwhile, Morgan Stanley (NYSE:MS) initiated coverage with an Underweight rating and a price target of $190, noting potential near-term risks to cloud revenue estimates amid a weaker macro environment. These developments highlight the diverse perspectives on Manhattan Associates’ future performance, reflecting both opportunities and challenges in its market positioning.
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