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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MANH:
- Manhattan Associates Reports Strong Q1 2025 Results
- Closing Bell Movers: Tesla jumps on Musk plans to pare back his DOGE work
- Manhattan Associates reports Q1 EPS $1.19, consensus $1.03
- Manhattan Associates raises FY25 EPS view to $4.54-$4.64 from $4.45-$4.55
- Manhattan Associates up 5% at $170 after Q1 earnings beat, guidance raise