-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點摘要如下：我們將目標價從192美元下調至166美元，基於2026年每股收益5.34美元的預期，遠期本益比為31倍，低於其三年平均。我們將2026年每股盈餘預期從5.20美元上調至5.34美元，並將2027年每股盈餘預期從5.87美元上調至5.89美元。 MANH公佈了強勁的2026年第一季業績，營收達2.82億美元，年增7.4%（2025年第一季為3.2%），超出市場預期850萬美元，主要得益於雲端訂閱收入成長24%和服務收入成長4%。第一季雲端營收加速成長，以及RPO（響應點目標）24%的穩健成長，令我們倍感鼓舞。儘管投資人擔憂宏觀經濟不確定性帶來的影響，但這些成長反映出執行力和市場需求的提升。超過55%的新增雲端訂單來自新客戶，顯示市場持續擴張。該公司指出，23%的本地部署客戶已經或開始向雲端遷移，人工智慧是推動這一趨勢的主要因素。綜上所述，第一季強勁的業績、上調的業績指引以及人工智慧貨幣化前景，使我們對MANH保持樂觀。
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Saudi Shares Start Week Higher; US-Iran Peace Talks Canceled
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Research Alert: CFRA Maintains Hold Rating On Shares Of United Rentals Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target price to $1,100 from $950 following a strong first quarter, valuing shares at 20.5x our 2027 EPS outlook of $54.28 (in line with previous estimate; 2026 EPS also in line). We believe a higher multiple is justified given URI's firming market leadership within an expanding rental equipment industry. A robust Q1 beat enabled URI to raise its full-year revenue guidance to $16.9B-$17.4B and adjusted EBITDA to $7.625B-$7.875B, citing momentum heading into a busy season. With leverage well below historical levels, we believe accretive M&A deals could serve as a potential catalyst for additional guidance increases. Margin compression has been a sticky issue for URI, but Q1 indicated that pricing may have turned around and that headwinds are starting to ease as quarterly results begin to lap when tariff-related inflation began to pick-up. We remain cautious on margins, though are encouraged by signs of stabilization. New project activity is likely supporting pricing trends, in our view.
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