Raymond James has revised its price target for Manhattan Associates (MANH, Financial), reducing it from $270 to $195. Despite this adjustment, the firm maintains an Outperform rating for the shares, suggesting continued optimism about the company's future performance.
The decision to lower the price target comes in light of broader macroeconomic and tariff-related challenges. However, the company's first-quarter results exceeded expectations, which has provided some reassurance. Additionally, the analyst noted that bookings were robust during this period, reflecting a solid performance.
The firm emphasizes that the company's healthy Remaining Performance Obligation (RPO) dynamics could instill confidence in investors who are focused on the long term. Looking ahead, a potentially conservative outlook towards 2026, along with a more stable services environment, supports the retained Outperform rating.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Manhattan Associates Inc (MANH, Financial) is $213.25 with a high estimate of $270.00 and a low estimate of $170.00. The average target implies an upside of 31.43% from the current price of $162.25. More detailed estimate data can be found on the Manhattan Associates Inc (MANH) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Manhattan Associates Inc's (MANH, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Manhattan Associates Inc (MANH, Financial) in one year is $249.47, suggesting a upside of 53.76% from the current price of $162.25. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Manhattan Associates Inc (MANH) Summary page.
