Manhattan Associates, Inc. (MANH) PT Raised to $310 at Truist Securities

Truist Securities analyst Terry Tillman raised the price target on Manhattan Associates, Inc. (NASDAQ: MANH) to $310.00 (from $275.00) while maintaining a Buy rating.

The analyst comments "Primary research suggests MANH’s positioning as strategic supplier of choice for some of the largest transformation projects related to WMS, TMS, OMS, etc is strengthening. Larger POS opptys and just released supply chain planning product also bodes well for layering on additional revenue and cloud bookings growth. While share look expensive based on 2025 multiples, we justify Buy rating and valuation analysis on expectation for continued beatand-raise dynamics, and more importantly, attractive sustained L-T compounding cloud sub rev and FCF growth. PT goes higher to $310 from $275 on increased DCF assumptions."

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