Manhattan Associates (MANH) has received a new Buy rating, initiated by Stifel Nicolaus analyst, J. Parker Lane.
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J. Parker Lane has given his Buy rating due to a combination of factors that highlight Manhattan Associates’ strong market position and growth potential. The company has established itself as a leader in supply chain and omnichannel commerce software, and it is well-positioned to extend this leadership through its cloud solutions. The adoption of these solutions among existing and new customers is expected to drive efficiencies and help clients adapt to the rapidly changing retail environment.
Furthermore, the company’s strategic focus on cloud migrations, new customer acquisitions, and cross-selling opportunities is anticipated to result in durable revenue and earnings growth. With a significant portion of customers migrating to the cloud and a robust pipeline of opportunities, the company’s cloud subscription revenue is poised to become its largest revenue source. The long-term contracts and high win rates provide visibility and confidence in sustained growth, making Manhattan Associates an attractive investment opportunity.
According to TipRanks, Parker Lane is an analyst with an average return of -3.8% and a 36.75% success rate. Parker Lane covers the Technology sector, focusing on stocks such as PROS Holdings, HubSpot, and Klaviyo, Inc. Class A.
In another report released on September 26, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $233.00 price target.