
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 latest quarter, marking a 3% year-over-year increase and surpassing analyst estimates. The company's software revenue experienced a notable 19% growth year-over-year, contributing to strong margins driven by robust cloud revenue expansion. Additionally, the firm raised its non-GAAP EPS guidance, indicating confidence in sustained demand, as evidenced by new bookings from net new customers constituting approximately 70% in the second quarter.
Bears say
Manhattan Associates's professional services revenue decreased by 6% year-over-year, indicating a decline that aligns with broader macroeconomic challenges impacting new bookings and overall demand. The ongoing transition from on-premise to cloud software poses significant risks, as deal slippage could materially affect both revenue and earnings per share each quarter, coupled with potential customer spending conservatism. Furthermore, heightened competition from larger players may limit Manhattan's market share, complicating its growth trajectory in an uncertain retail landscape.
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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