
Manhattan Associates (MANH) Stock Forecast & Price Target
Manhattan Associates (MANH) Analyst Ratings
Bulls say
Manhattan Associates reported a year-over-year revenue growth of 11% when excluding license and maintenance revenue, indicating strong operational performance despite transitioning to a cloud-focused model. The company's deferred revenue reached $279 million, reflecting a 17% year-over-year increase, while total revenue of $255.8 million surpassed expectations, rising 7% year-over-year. Additionally, cloud subscription revenue grew 27% year-over-year, highlighting solid demand for its products, and the company anticipates a return to year-over-year services revenue growth by the fourth quarter of 2025.
Bears say
Manhattan Associates faces a negative outlook primarily due to flat professional services growth of only 0.3% year-over-year, starkly contrasting with the previous year’s robust growth of 19%, indicating pronounced budgetary constraints among customers. The company's calculated Remaining Performance Obligation (RPO) Net Revenue Retention (NRR) has declined 1% quarter-over-quarter, suggesting challenges in maintaining revenue from existing customers amid weakening retail trade metrics and uncertain macroeconomic conditions. Additionally, 10% of their customer base has reduced planned service work for fiscal year 2025, further exacerbating concerns about future revenue and growth potential.
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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