DASTY - Manhattan Associates' First Mover Advantage May Unlock Growth As Multichannel Retail Takes Off
Centaur Investments is pleased to reiterate our “Strong Buy” opinion on shares of Manhattan Associates (MANH). We’re also raising the price target once again, to $78 from $65 which was set in the previous update. The company’s common shares have been trading in a range from $64-69 in the last 30 days. Though Manhattan’s total revenue of $560 million trails other tech companies and cloud-computing software peers, the company’s return on assets of 25%, and return on equity of 70% is unarguably the best of the group as we compare in this analysis.
Additionally, Manhattan’s