Manhattan Associates (MANH) Receives a Buy from Stifel Nicolaus

Stifel Nicolaus analyst J. Parker Lane maintained a Buy rating on Manhattan Associates today and set a price target of $200.00.

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Parker Lane covers the Technology sector, focusing on stocks such as Braze, Salesforce, and HubSpot. According to TipRanks, Parker Lane has an average return of -11.0% and a 30.22% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Manhattan Associates with a $198.14 average price target.

Based on Manhattan Associates’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $282.22 million and a net profit of $49.3 million. In comparison, last year the company earned a revenue of $262.79 million and had a net profit of $52.58 million

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MANH in relation to earlier this year. Last month, James Stewart Gantt, the EVP, Professional Services of MANH sold 7,300.00 shares for a total of $1,016,525.00.