tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Manhattan Associates: Strong Financial Performance and Strategic Positioning Drive Buy Rating

Manhattan Associates: Strong Financial Performance and Strategic Positioning Drive Buy Rating

William Blair analyst Dylan Becker has maintained their bullish stance on MANH stock, giving a Buy rating yesterday.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Dylan Becker has given his Buy rating due to a combination of factors that highlight Manhattan Associates’ strong financial performance and strategic positioning. The company reported impressive second-quarter results, with total revenue, cloud revenue, and total RPO exceeding expectations. This growth is supported by a stable demand environment, where customers are increasingly committed to digitization despite ongoing economic uncertainties.
Additionally, Manhattan Associates has demonstrated resilience and adaptability, with a significant portion of bookings coming from new customers. This underscores the critical importance of their platform in supply chain management. The transition to a cloud model is expected to continue driving sustainable subscription growth and operating profitability, reinforcing the long-term value proposition of the company. As a result, Becker maintains a positive outlook on the stock, supporting the Buy rating.

Disclaimer & DisclosureReport an Issue

1