Manhattan Associates' milestone in data security and compliance
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Manhattan Associates, a supply chain software provider, has achieved FedRAMP compliance for its Warehouse Management System, allowing adoption by US government agencies. The company posted strong financial performance from FY 21-24, with significant revenue and EBITDA growth. Despite recent stock underperformance, analysts remain optimistic with a target price implying a 27.3% upside. Manhattan Associates is well-positioned for future success but faces risks including sector valuation pressures and macroeconomic headwinds.
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