Manhattan Associates is rated a 'Buy' with a 1-year target price of $240.7, implying a 16% upside from the current price. Despite a slowdown in services revenue, MANH's fundamentals remain strong, with solid profit margins, cash flow, and no debt. The company's cloud subscription business is growing rapidly, projected to surpass services revenue by 2026, driven by strong customer acquisition and demand.
Manhattan Associates (MANH) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Shares of Manhattan Associates (MANH -3.80%) dove roughly 25% this week as of 4 p.m. ET Thursday, according to data provided by S&P Global Market Intelligence.
Manhattan Associates (MANH) shares plunged more than 20% Wednesday, a day after the provider of supply-chain and commerce software solutions posted a surprise drop in its profit outlook as it faced a "turbulent macro environment."
Manhattan Associates, Inc. (NASDAQ:MANH ) Q4 2024 Earnings Conference Call January 28, 2025 4:30 PM ET Company Participants Michael Bauer - Head, IR Eddie Capel - CEO Dennis Story - CFO Conference Call Participants Terry Tillman - Truist Securities Joe Vruwink - Baird Brian Peterson - Raymond James Quinton Gabrielli - Piper Sandler Mark Schappel - Loop Capital Markets William Jellison - D.A. Davidson Dylan Becker - William Blair George Kurosawa - Citi Operator Good afternoon.
Although the revenue and EPS for Manhattan Associates (MANH) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Manhattan Associates (MANH) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $1.03 per share a year ago.
Get a deeper insight into the potential performance of Manhattan Associates (MANH) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Manhattan Associates boasts a dynamic portfolio and an impressive roster of clients, making the stock a compelling investment opportunity.
Does Manhattan Associates (MANH) have what it takes to be a top stock pick for momentum investors? Let's find out.
Manhattan Associates (MANH) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Manhattan Associates (MANH) is well positioned to outperform the market, as it exhibits above-average growth in financials.