
Manhattan Associates (MANH) Stock Forecast & Price Target
Manhattan Associates (MANH) Analyst Ratings
Bulls say
Manhattan Associates reported a total revenue of $272.4 million, representing a 3% year-over-year increase, and surpassed expectations of $262.4 million, with software revenue growing significantly by 19% year-over-year. The company raised its non-GAAP EPS guidance to a range of $4.76 - $4.84, reflecting strong operational performance despite an increased tax rate, while also showcasing robust demand with around 70% of new bookings from net new customers. Additionally, the company maintained a positive outlook for future revenue and remaining performance obligations (RPO), bolstered by a promising partnership with Google, highlighting a favorable growth trajectory in both new and existing customer engagements.
Bears say
Manhattan Associates experienced a 6% year-over-year decline in professional services revenue, indicating challenges in maintaining growth amid macroeconomic uncertainties and a complex transition from on-premise to cloud-based solutions. The company's reliance on transformational deals leaves it vulnerable to deal slippage, which can significantly affect revenue and earnings per share on a quarterly basis. Additionally, heightened competition from larger players in the supply chain management sector, coupled with potential capital preservation measures by customers, poses further risks to Manhattan Associates’ growth trajectory.
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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