
Manhattan Associates (MANH) Stock Forecast & Price Target
Manhattan Associates (MANH) Analyst Ratings
Bulls say
Manhattan Associates reported total revenue of $272.4 million, reflecting a 3% year-over-year increase and exceeding the $262.4 million estimate. The company's software revenue demonstrated particularly strong growth, increasing by 19% year-over-year, while the adjustment to the non-GAAP EPS guidance range to $4.76 - $4.84 indicates positive financial momentum despite tax headwinds. Additionally, the ongoing expansion of cloud revenue and improved leverage in this segment contribute to robust margin performance, underpinning a favorable outlook for the company's stock.
Bears say
Manhattan Associates has reported professional services revenue of $128.9 million, reflecting a 6% decline year-over-year, which signals potential challenges in maintaining revenue streams amid macroeconomic uncertainties and competitive pressures. The company is currently navigating a complex transition from on-premise to cloud software, which may lead to volatility in service revenues and complications in deal execution that significantly impact quarterly performance. Furthermore, the firm faces risks from larger competitors, changes in customer spending behavior, and exposure to foreign exchange fluctuations, all of which could hinder growth prospects and overall financial stability.
This aggregate rating is based on analysts' research of Manhattan Associates and is not a guaranteed prediction by Public.com or investment advice.
Manhattan Associates (MANH) Analyst Forecast & Price Prediction
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