Core Insights - Manhattan Associates, Inc. is considered one of the top logistics-tech stocks to invest in currently, with approximately two-thirds of analysts rating it as Buy or equivalent, despite underperforming the broader market year to date [1] - The consensus 1-year median price target for the stock is $234.50, indicating a potential upside of nearly 31% [1] Financial Performance - For Q3, Manhattan Associates reported total revenue of $238 million, reflecting a 20% year-over-year increase, and adjusted EPS of $1.03, which surpassed analyst expectations [3] - Software license revenue increased by 44% to $17.5 million, while cloud subscriptions rose by 41% to $84.5 million [3] - The company raised its full-year revenue and EPS guidance, citing strong customer pipelines and ongoing momentum in its cloud transition [3] Analyst Ratings - Barclays reaffirmed its Overweight rating on Manhattan Associates, slightly lowering the 12-month price target from $244 to $239, reflecting an updated model post-Q3 earnings [2][4] - The updated price target considers the near-term momentum while maintaining a bullish outlook on the company's growth trajectory [4]