Citi initiated coverage of Manhattan Associates with a Neutral rating and $260 price target. The company is executing an “orderly” cloud transition and has potential for significant growth in point-of-sale, the analyst tells investors in a research note. However, the firm says it is remains disciplined given the stock’s premium valuation.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on MANH:
- Manhattan Associates director Noonan sells 7,481 common shares
- Manhattan Associates price target raised to $260 from $240 at Truist
- Manhattan Associates price target raised to $250 from $245 at Loop Capital
- Manhattan Associates sees FY24 adjusted EPS $3.69-$3.79, consensus $3.63
- Manhattan Associates reports Q4 adjusted EPS $1.03, consensus 80c