Core Insights - Manhattan Associates reported better-than-expected second-quarter financial results, with earnings of $1.31 per share surpassing the analyst consensus estimate of $1.13 per share and quarterly sales of $272.42 million exceeding the estimate of $263.61 million [1][2] Financial Performance - The company achieved record second-quarter results, with cloud revenue growth of 22% and RPO surpassing the $2 billion milestone [2] - Manhattan Associates raised its FY2025 adjusted EPS guidance from $4.54-$4.64 to $4.76-$4.84 and increased its sales guidance from $1.06 billion-$1.07 billion to $1.07 billion [2] Market Reaction - Following the earnings announcement, Manhattan Associates shares gained 6.2%, trading at $215.41 [3] - Analysts adjusted their price targets for Manhattan Associates, with Truist Securities raising it from $210 to $230, DA Davidson from $225 to $250, and Loop Capital from $200 to $210 [8]
These Analysts Increase Their Forecasts On Manhattan Associates After Strong Q2 Results