
Manhattan Associates (MANH) Stock Forecast & Price Target
Manhattan Associates (MANH) Analyst Ratings
Bulls say
Manhattan Associates reported total revenue of $272.4 million, representing a 3% year-over-year increase, surpassing estimates, while software revenue experienced a substantial 19% year-over-year growth. The company has raised its non-GAAP EPS guidance amid strong cloud revenue growth and notable leverage as it scales its cloud business, alongside solid demand evidenced by high new bookings and win rates. Additionally, the revised revenue guidance and ongoing partnership developments, particularly with Google, suggest a robust outlook for future financial performance.
Bears say
Manhattan Associates experienced a 6% year-over-year decline in professional services revenue, indicating challenges in maintaining performance amidst macroeconomic uncertainties and transitioning from on-premise to cloud solutions. The complexity of migrating its significant customer base to cloud software could lead to volatility in revenues and earnings per share, particularly due to potential deal slippage that may materially affect financial outcomes. Additionally, increased competition from larger-scale providers and ongoing market hesitance may hinder Manhattan Associates’ growth prospects in key retail and logistics sectors, further contributing to a negative outlook.
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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