
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 surpassing estimates, while total software revenue saw a significant increase of 19% year-over-year. The company raised its non-GAAP EPS guidance to a range of $4.76 - $4.84, fueled by strong cloud revenue growth and effective leveraging of its growing cloud business, alongside a solid demand for its products. Additionally, the robust performance in remaining performance obligations and a positive outlook for partnerships, particularly with Google, indicate a strong pipeline for future growth, reinforcing the company’s upward trajectory in financial performance.
Bears say
Manhattan Associates's professional services revenue declined by 6% year-over-year, reflecting broader macroeconomic uncertainties that are impacting new bookings and their optimistic long-term financial projections. The company is currently navigating a complex transition from on-premise to cloud-based solutions, with a significant portion of its customer base still needing to migrate over the next several years, which poses risks of revenue and earnings volatility. Additionally, competition from larger scale providers in the supply chain management sector and potential customer capital preservation strategies may hinder Manhattan's ability to achieve consistent revenue growth in the near term.
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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