Manhattan Associates price target raised to $285 from $260 at DA Davidson

DA Davidson raised the firm’s price target on Manhattan Associates to $285 from $260 and keeps a Buy rating on the shares. The company’s Q2 earnings beat demonstrated its strong operating discipline that drove outsize margin accretion, plus its RPO, or remaining performance obligations, growth remains on track for its 2024 year-end target, the analyst tells investors in a research note.