Manhattan Associates price target raised to $105 from $83 at Benchmark » 07:1707/0607/06/20
Benchmark analyst Mark…
Benchmark analyst Mark Schappel raised the firm's price target on Manhattan Associates to $105 from $83 and keeps a Buy rating on the shares as he continues to see the company benefiting as COVID-19 forces retailers to accelerate the shift away from the traditional brick and mortar retail model to direct-to-consumer and curbside pickup models.
|Over a month ago|
Manhattan Associates' Howell sells 31,000 common shares » 16:1206/0106/01/20
In a regulatory filing,…
In a regulatory filing, Manhattan Associates senior VP of Americas sales Robert G. Howell disclosed the sale of 31,000 common shares of the company on May 28 at a price of $90.0243 per share.
Manhattan Associates price target raised to $98 from $80 at SunTrust » 07:4305/2805/28/20
SunTrust analyst Terry…
SunTrust analyst Terry Tillman raised the firm's price target on Manhattan Associates to $98 from $80 and keeps a Buy rating on the shares after hosting a conference call with two of the company's executives this week. Among the highlights, the analyst notes further insight into the recently launched cloud-native WMS product, stating that the cloud re-platforming and new innovations across supply chain execution, along with omni-channel commerce, bode well for Manhattan Associates' sustained profit growth.
Manhattan Associates price target raised to $80 from $70 at SunTrust » 08:5305/2105/21/20
SunTrust analyst Terry…
SunTrust analyst Terry Tillman raised the firm's price target on Manhattan Associates to $80 from $70 and keeps a Buy rating on the shares after the company announced a cloud-native warehouse management system product yesterday. The concluded "multi-year innovation cycle" will now allow the company to "articulate an advanced cloud architecture", offering unified business logic, data model, and user experience across its entire suite of supply chain, the analyst tells investors in a research note. Tillman adds that his new price target reflects his greater confidence of Manhattan Associates execution against consensus estimates.
Manhattan Associates unveils cloud-native warehouse management system » 08:5005/2105/21/20
In a press release…
In a press release yesterday afternoon, Manhattan Associates announced the new Manhattan Active Warehouse Management solution, the world's "first cloud-native enterprise-class warehouse management system that unifies every aspect of distribution and never needs upgrading." The company state: "Manhattan Active WM includes completely redesigned user experiences. Following a mobile-first paradigm and brought to life with consumer-grade design, Manhattan Active WM's Unified Control screens allow management team members to quickly visualize, diagnose and take action anywhere in their supply chain. For DC associates, the new WM MobileTM application provides a state-of-the-art, app-based experience for all transactional work. Composed of microservices, Manhattan Active WM is truly cloud-native. In addition to delivering a step change in accelerating the speed of innovation, this new application architecture provides an almost limitless ability to automatically scale up to meet fluctuations in demand."
Manhattan Associates price target raised to $100 from $80 at Rosenblatt » 08:4905/2105/21/20
Rosenblatt analyst Yun…
Rosenblatt analyst Yun Kim raised the firm's price target on Manhattan Associates to $100 from $80 and keeps a Buy rating on the shares after the company introduced a new cloud-native version of its flagship warehouse management system at its virtual Momentum Connect customer conference. While Kim expects the initial uptake to be more modest as the market is likely to wait for signs of product maturity and scalability, COVID-19 is likely to have a long-lasting impact on consumer behavior that could accelerate the need for the retailers and others with complex supply-chain to accelerate their investments in their omni-channel order management and supply-chain operations, said the analyst. Additionally, the company's transition to the cloud provides an additional positive catalyst, said Kim.
Fly Intel: Wall Street's top stories at midday » 12:5404/2204/22/20
NFLX, T, DAL, LB, SNAP, EXPE, APO, HCSG, MANH, CMG, UAL, BIIB, IBKR
Stocks have halted a…
Manhattan Associates price target raised to $61 from $51 at Benchmark » 07:3604/2204/22/20
Benchmark analyst Mark…
Benchmark analyst Mark Schappel raised the firm's price target on Manhattan Associates to $61 from $51 and keeps a Buy rating on the shares after the company reported Q1 results that were above his estimates and consistent with the company's expectations pre-announced on April 3. Management did not, to his surprise, suspend 2020 guidance, although the revenue guidance was lowered beyond his formerly reduced estimates, noted Schappel. Management emphasized that demand for supply chain and omnichannel solutions not only remains intact, but continues to build, added Schappel, who thinks the company is set up well to be a second half story.
Fly Intel: After-Hours Movers » 18:5804/2104/21/20
SNAP, USNA, CMG, TXN, NFLX, EXPE, GME, QTNT, IBKR, MANH, NAVI, VBIV
Check out this evening's…
Manhattan Associates sees FY20 revenue view $541M-$ 565M, consensus $604M 16:1604/2104/21/20