Manhattan Associates, Inc. (MANH) PT Raised to $212 at Baird

Baird analyst Joe Vruwink raised the price target on Manhattan Associates, Inc. (NASDAQ: MANH) to $212.00 (from $197.00) while maintaining a Outperform rating.

The analyst comments "Maintain Outperform rating. Manhattan continues to promote benefits of cloud adoption and unifying supply chain systems, with this year’s customer conference revealing progress across execution (WMS/TMS), omnichannel, and newest inventory planning; announced launch of AI agents (+development framework for customers) adds impetus for cloud adoption. For us, perhaps most incremental was new CEO Eric Clark, his grasp on the opportunity at hand, and messaging that suggests potential to expand software TAM and drive greater/faster adoption. Raising price target as initial fears on continued services pressures do not appear to be playing out."

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