Piper Sandler lowered the firm’s price target on Manhattan Associates (MANH) to $268 from $326 and keeps an Overweight rating on the shares. The firm notes shares are trading down over 20% after hours – despite a Q4 constant currency RPO print above expectations – due to an uncharacteristic FY25 RPO and revenue guide cut.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MANH:
- Manhattan Associates price target lowered to $244 from $303 at Citi
- Manhattan Associates Reports Record Financial Results
- Closing Bell Movers: F5 Networks soars to all-time highs on Q1 beat
- Manhattan Associates extends decline, down 22% at 6-month low of $230
- Manhattan Associates says remaining ‘cautious on global economy’