Stifel keeps Buy on Manhattan Associates with $300 target

what happened

Stifel has kept its Buy recommendation on Manhattan Associates and set a $300 target price, according to a note reported by TradingView, which cites Benzinga data. That target would represent a 28.2% gain from the October 27 closing price of $233.98.

The analysts pointed to four straight quarters in which the company booked record orders, and to its decision to lift its revenue growth goal. They see steady appetite for its cloud products and a healthy rate at which AI trials convert into paid subscriptions.

The firm also views Manhattan's position in supply chain software and omnichannel commerce as a strength, arguing it supports durable growth in sales and earnings.

why it matters

Analyst ratings like this reflect one firm's view rather than a change in the company's reported results. Target prices rest on model assumptions and do not promise any move in the shares, so the note is best read as one input among many for investors following software names.

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