Manhattan Associates Stock: A Deep Dive Into Analyst Perspectives (5 Ratings)
Portfolio Pulse from Benzinga Insights
Analyst ratings for Manhattan Associates (NASDAQ:MANH) show mixed sentiments, with recent updates indicating a positive outlook. The average 12-month price target is $242.0, reflecting an 11.39% increase from the previous target. Analysts from Citigroup, Rosenblatt, Raymond James, and Truist Securities have adjusted their ratings and price targets, suggesting optimism about the company's future performance. Manhattan Associates, a provider of supply chain and omnichannel software, has shown strong financial indicators such as a 20.27% revenue growth and impressive ROE and ROA, despite a below-average net margin.
March 13, 2024 | 2:00 pm
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POSITIVE IMPACT
Analysts show a positive outlook on Manhattan Associates with an updated average price target of $242.0, indicating a bullish sentiment. The company's strong revenue growth and financial performance support this optimism.
The positive adjustments in analyst ratings and price targets for Manhattan Associates reflect growing confidence in the company's performance and market position. The significant revenue growth and strong ROE and ROA further justify the optimistic outlook, suggesting potential for stock price appreciation in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100