Manhattan Associates price target raised to $250 from $195 at Raymond James

Raymond James raised the firm’s price target on Manhattan Associates (MANH) to $250 from $195 and keeps an Outperform rating on the shares. The Q2 results reflect a much stronger than expected remaining performance obligation figure, as net new customer bookings surged despite a turbulent macro backdrop, the analyst tells investors in a research note. The firm sees a path for more durable multiple expansion with expectations for 2H25 upside.