FMP
Apr 26, 2024 4:32 PM - Davit Kirakosyan
DA Davidson analysts raised their rating on Manhattan Associates (NASDAQ:MANH) to Buy from Neutral and set a price target at $240 (up from $220). The analysts highlighted that the upgrade was prompted by the stock's significant pullback this year, which they consider overdone, especially after the company recently surpassed expectations and increased its guidance.
Although the reported RPO might have seemed disappointing against high expectations, when adjusted for foreign exchange impacts, it actually surpasses the required quarterly pace to meet the year-end 2024 target, with continued strong demand. The analysts noted that Manhattan Associates is now trading below its three-year bottom quartile forward P/E ratio, presenting an attractive buying opportunity. The raised target price of $240 reflects DA Davidson’s view that Manhattan Associates, as a definitive leader in return on invested capital, merits greater market recognition.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...