
Manhattan Associates (MANH) Stock Forecast & Price Target
Manhattan Associates (MANH) Analyst Ratings
Bulls say
Manhattan Associates reported total revenue of $272.4 million for the quarter, reflecting a year-over-year growth of 3% and exceeding estimates, while software revenue surged by 19% year-over-year. The company raised its non-GAAP EPS guidance to a range of $4.76 - $4.84, illustrating strong financial health despite an increased annual tax rate. Additionally, the solid demand for its product portfolio, evidenced by high win rates and new customer activity, alongside optimistic projections for future revenue and contract value, supports a favorable outlook for the company's growth trajectory.
Bears say
Manhattan Associates reported a 6% decline in professional services revenue year-over-year, highlighting a potential weakness in demand and execution amidst ongoing macroeconomic uncertainty. The company is in the midst of a complex transition from on-premise to cloud software, which could lead to significant revenue fluctuations due to deal slippage and delays in converting its customer base over the next several years. Furthermore, heightened competition from larger-scale providers may impede Manhattan's growth prospects, particularly in critical markets that require robust supply chain management solutions.
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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