01:35 PM EDT, 07/23/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lift our recommendation on shares of MANH to Buy from Hold and increase our target price to $250 from $189, on a P/E of 48x our 2026 EPS estimate of $5.21, slightly below its three-year average on economic risks but up from our previous view, reflecting re-accelerating cloud momentum. Cloud Subscription revenues grew 21.8% Y/Y after several quarters of deceleration as customers adapted to the uncertain economic environment and found a way to move forward with their cloud transformation projects. Deal flows were strong, and the company reported a healthy pipeline of new logos and cross-sell opportunities. We are also optimistic that new sales initiatives introduced and leadership changes could improve execution over time. Overall, we like the turnaround in results and the raised guidance, and we see the likelihood that the business will continue to strengthen in 2H 2025. We raise our 2025 EPS forecast to $4.84 from $4.62 and our 2026 EPS estimate to $5.21 from $5.03.