Manhattan Associates price target raised to $250 from $245 at Loop Capital

Loop Capital raised the firm’s price target on Manhattan Associates to $250 from $245 and keeps a Buy rating on the shares. The analyst cites the company’s total revenues, subscription revenues, and operating margins beating estimates while highlighting a continuation of trends in place. With valuation of enterprise value 12-times to expected 2025 revenues, there’s likely to be little multiple expansion from here, though the stock can continue to advance on pace with growth, the firm tells investors in a research note.