Loop Capital raised the firm’s price target on Manhattan Associates to $230 from $220 and keeps a Buy rating on the shares. The stock continues to outperform the broader software sector, and the firm recommends that investors stay the course based on its positive checks, which suggest that the company continues to execute well against the opportunity in the supply chain execution software space where their re-architected solutions are making nice inroads, the analyst tells investors in a research note.
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Read More on MANH:
- Manhattan Associates price target raised to $230 from $210 at Truist
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- Manhattan Associates sees FY23 adjusted EPS $3.07-$3.11, consensus $2.88
- Manhattan Associates reports Q2 adjusted EPS 88c, consensus 72c
