Stifel has maintained a Buy rating and $200 price target on Manhattan Associates (NASDAQ:MANH) after the company’s Momentum conference in Las Vegas.
The conference focused on Agents and improvements in the Manhattan Active Platform, aiming to drive simplicity, efficiency, and ROI for customers.
Manhattan Associates expanded its base agents from 10 to 17 since January. Early demand is positive, with pilot customers converting to subscription tiers or extending pilots.
The stock returned 7.85% over the past week. 9 analysts revised earnings upwards for the upcoming period.
Stifel views the company as well-positioned in its cloud migration journey. Recent partnerships include Exol for warehouse and transportation management systems.
