Truist raised the firm’s price target on Manhattan Associates (MANH) to $210 from $190 and keeps a Buy rating on the shares. The firm is “incrementally confident” in the company’s long-term fundamentals, “sustained strong” cloud subscriber revenue growth and cash flow performance after attending the Manhattan Associates Momentum conference in Las Vegas. Truist says the company is “making relatively quick progress” and moving well beyond generative artificial intelligence based chat interface use cases into the world of agentic AI use cases.
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