
Manhattan Associates (MANH) Stock Forecast & Price Target
Manhattan Associates (MANH) Analyst Ratings
Bulls say
Manhattan Associates reported a notable 11% year-over-year increase in total revenue, excluding revenue from its ongoing transition to the cloud, highlighting the resilience of its core business operations. The company's deferred revenue also saw a significant rise of 17% year-over-year, reaching $279 million, while total remaining performance obligations (RPO) surged 25% year-over-year to $1.78 billion, indicating strong future revenue potential. Furthermore, with cloud subscription revenue growing 27% year-over-year and healthy demand reflected in new bookings, Manhattan Associates is well-positioned for sustained profitability and growth, projecting free cash flow margins exceeding 30% in the long term.
Bears say
Manhattan Associates's outlook has been negatively impacted by a significant reduction in Services growth expectations, dropping to mid-single digits compared to management's high-single digits forecast, driven by budgetary constraints among key customers. Professional services growth has stagnated at 0.3% year-over-year, falling short of both internal projections and management estimates, reflecting ongoing downward trends in retail metrics and hiring. Additionally, the company's calculated remaining performance obligation (RPO) net revenue retention (NRR) has declined to 110% quarter-over-quarter, raising concerns regarding future revenue and exacerbating risks associated with macroeconomic uncertainties and competitive pressures.
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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