Manhattan Associates

Manhattan Associates announced at the Citi conference that it will focus on cloud software, AI agents and a three-tier editions model to broaden its market and boost growth. Cloud revenue grew by over 20% in the first half, and the second quarter delivered record bookings, with 40% of orders coming from migrations and around 50% of new cloud bookings from new customers. AI products reached pilot or subscription status with 10% of the installed base by the end of Q2, with a 100% conversion rate from pilot to subscription. The company is targeting long-term double-digit revenue growth and operating margins in the upper quartile of the SaaS peer group. » Mere på de.investing.com

Manhattan Associates shares closed at a 52-week high of $220.61, driven by a 59% price rise over six months while the year-to-date gain is 0.73%. The company reported better-than-expected Q2 results (adjusted earnings $1.39 per share, revenue $297.8 million), recorded record order intake and saw cloud subscription growth of 26% year-over-year. Truist confirmed a buy rating with a $240 price target and Stifel raised its target to $225, while InvestingPro rates the stock as overvalued versus its fair value. Market capitalization is $12.83 billion and the P/E ratio is 61.92; investors are watching whether the uptrend will continue. » Mere på de.investing.com

Manhattan Associates reports significantly better-than-expected revenue and earnings, driven by continued strong demand in the cloud segment. Management raises full-year 2026 targets for both revenue and earnings. The operational success sparks heavy institutional buying and pushes the stock higher on strong trading volume. » Mere på finanzen.net