Signal log.

Manhattan Associates' cloud revenue growth and record bookings for its supply chain platforms indicate that its durable records (orders, inventory, shipments) are being adopted as agent infrastructure, consistent with the thesis that records-rich platforms become the backbone of agent systems.

The headline is a price target upgrade from an analyst, which does not bear on any of the five SoR pillars (records, state machine, ownership, structural verbs, queryable history) or the agent-economy thesis.

The shift to Tyler's integrated AI tools over third-party add-ons strengthens its position as a durable records platform (P1) in the regulated government SoR bucket, aligning with the thesis that incumbent SoR owners compound moats by owning the records and agent substrate.