Truist Securities Reiterates Buy Rating on Manhattan Associates, Inc. (MANH)

Truist Securities analyst Terry Tillman reiterated a Buy rating and $310.00 price target on Manhattan Associates, Inc. (NASDAQ: MANH).

The analyst comments "We anticipate MANH to report strong RPO/cloud bookings in 4Q24 when adjusting for FX headwinds related to intra qtr dollar strengthening. Our back-of-envelope analysis suggests a meaningful impact to q/q growth in RPO of potentially several pts from FX. We believe investors should look thru that noise & focus on resilient demand dynamics across broadening set of cloud sub rev growth drivers & strong cloud sub rev growth offsetting what has been slower/sluggish services rev in recent qtrs. Maintain Buy & $310 PT; remains one of our highest combined cloud sub rev growth & op margin/FCF stories across our coverage."

For an analyst ratings summary and ratings history on Manhattan Associates, Inc. click here. For more ratings news on Manhattan Associates, Inc. click here.

Shares of Manhattan Associates, Inc. closed at $282.08 yesterday.

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