Raymond James analyst Brian Peterson lowered the firm’s price target on Manhattan Associates (MANH) to $195 from $270 and keeps an Outperform rating on the shares. The company’s Q1 results were better than feared given recent macro and tariff concerns, and bookings were also healthy, the analyst tells investors in a research note. The firm thinks the healthy RPO dynamics should give confidence to investors with longer time horizons, with a potentially conservative setup into 2026 and a more stable services environment.
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Read More on MANH:
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- Manhattan Associates reports Q1 EPS $1.19, consensus $1.03
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- Manhattan Associates up 5% at $170 after Q1 earnings beat, guidance raise
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