Raymond James Maintains Outperform Rating for Manhattan Associates: Here's What You Need To Know

Raymond James has decided to maintain its Outperform rating of Manhattan Associates MANH and lower its price target from $170.00 to $165.00.

Shares of Manhattan Associates are trading up 14.06% over the last 24 hours, at $133.01 per share.

A move to $165.00 would account for a 24.05% increase from the current share price.

About Manhattan Associates

Manhattan Associates provides software that helps users manage their supply chains, inventory, and omnichannel operations. Customers are generally retailers, wholesalers, manufacturers, and logistics providers. The company was founded in 1990 and serves more than 1,200 customers around the world.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.