Manhattan Associates (MANH) Stock Forecast, Price Target & Predictions
MANH Stock Forecast
Manhattan Associates stock forecast is as follows: an average price target of $297.67 (represents a 6.25% upside from MANH’s last price of $280.16) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.
MANH Price Target
The average price target for Manhattan Associates (MANH) is $297.67 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $315.00 to $265.00. This represents a potential 6.25% upside from MANH's last price of $280.16.
MANH Analyst Ratings
According to 5 Wall Street analysts, Manhattan Associates's rating consensus is 'Buy'. The analyst rating breakdown for MANH stock is 0 'Strong Buy' (0.00%), 4 'Buy' (80.00%), 1 'Hold' (20.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Manhattan Associates Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 23, 2024 | Brian Peterson | Raymond James | $305.00 | $268.73 | 13.50% | 8.87% |
| Oct 23, 2024 | Gil Luria | D.A. Davidson | $315.00 | $292.32 | 7.76% | 12.44% |
| Oct 22, 2024 | Joe Vruwink | Robert W. Baird | $304.00 | $295.54 | 2.86% | 8.51% |
| Oct 11, 2024 | Terry Tillman | Truist Financial | $310.00 | $296.16 | 4.67% | 10.65% |
| Sep 25, 2024 | George Kurosawa | Citigroup | $287.00 | $286.00 | 0.35% | 2.44% |
| Jul 24, 2024 | Mark Schappel | Loop Capital Markets | $265.00 | $226.00 | 17.26% | -5.41% |
| Jul 24, 2024 | Joe Vruwink | Robert W. Baird | $261.00 | $226.00 | 15.49% | -6.84% |
| May 16, 2024 | Gil Luria | D.A. Davidson | $260.00 | $223.45 | 16.36% | -7.20% |
| Apr 25, 2024 | Gil Luria | D.A. Davidson | $240.00 | $206.32 | 16.32% | -14.33% |
| Apr 15, 2024 | Terry Tillman | Truist Financial | $275.00 | $237.81 | 15.64% | -1.84% |
| Jul 27, 2022 | Raymond James | $165.00 | $116.62 | 41.49% | -41.11% | |
| Jul 22, 2022 | Rosenblatt Securities | $150.00 | $120.72 | 24.25% | -46.46% |
The latest Manhattan Associates stock forecast, released on Oct 23, 2024 by Brian Peterson from Raymond James, set a price target of $305.00, which represents a 13.50% increase from the stock price at the time of the forecast ($268.73), and a 8.87% increase from MANH last price ($280.16).
Manhattan Associates Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 5 | 10 |
| Avg Price Target | - | $304.20 | $282.20 |
| Last Closing Price | $280.16 | $280.16 | $280.16 |
| Upside/Downside | -100.00% | 8.58% | 0.73% |
In the current month, the average price target of Manhattan Associates stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Manhattan Associates's last price of $280.16. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 25, 2024 | Piper Sandler | Overweight | Initialise | |
| Oct 23, 2024 | Raymond James | Outperform | Outperform | Hold |
| Sep 25, 2024 | Citigroup | Neutral | Neutral | Hold |
| Sep 16, 2024 | Loop Capital Markets | Buy | Buy | Hold |
| Jul 24, 2024 | Loop Capital Markets | Buy | Buy | Hold |
| Jun 28, 2024 | William Blair | Buy | Buy | Hold |
| Jun 28, 2024 | Citigroup | Neutral | Neutral | Hold |
| May 14, 2024 | Rosenblatt Securities | Underperform | Underperform | Hold |
| May 14, 2024 | William Blair | Buy | Buy | Hold |
| Apr 15, 2024 | William Blair | Buy | Buy | Hold |
| Jan 31, 2024 | Raymond James | Outperform | Outperform | Hold |
| Jul 27, 2022 | Raymond James | Outperform | Outperform | Hold |
| Apr 26, 2022 | Raymond James | Outperform | Upgrade |
Manhattan Associates's last stock rating was published by Piper Sandler on Nov 25, 2024. The company Initialise its MANH rating from "null" to "Overweight".
Manhattan Associates Financial Forecast
Manhattan Associates Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $238.25M | - | $231.02M | $221.01M | $198.10M | $198.10M | $191.92M | $178.96M | $171.49M | $169.19M | $166.11M | $156.85M | $147.08M | $149.76M |
| Avg Forecast | $342.00M | $355.10M | $347.50M | $339.80M | $311.92M | $325.56M | $321.94M | $308.12M | $285.33M | $293.03M | $287.16M | $273.89M | $253.56M | $262.90M | $255.83M | $243.41M | $224.01M | $226.23M | $216.68M | $200.55M | $182.71M | $185.47M | $179.55M | $169.12M | $162.84M | $164.05M | $156.98M | $143.84M | $138.02M | $138.86M |
| High Forecast | $346.46M | $359.73M | $352.03M | $344.23M | $315.98M | $329.81M | $326.14M | $312.13M | $289.05M | $296.85M | $290.91M | $278.65M | $253.68M | $262.98M | $255.83M | $243.42M | $225.22M | $227.40M | $219.51M | $203.16M | $185.09M | $185.47M | $179.55M | $169.12M | $162.84M | $164.05M | $156.98M | $143.84M | $138.02M | $138.86M |
| Low Forecast | $336.92M | $349.83M | $342.34M | $334.75M | $307.29M | $320.73M | $317.16M | $303.54M | $281.09M | $288.68M | $282.90M | $268.85M | $253.38M | $262.81M | $255.82M | $243.41M | $223.27M | $225.32M | $213.47M | $197.57M | $179.99M | $185.47M | $179.55M | $169.12M | $162.84M | $164.05M | $156.98M | $143.84M | $138.02M | $138.86M |
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | - | 1.07% | 1.10% | 1.08% | 1.07% | 1.07% | 1.06% | 1.05% | 1.03% | 1.06% | 1.09% | 1.07% | 1.08% |
Manhattan Associates's average Quarter revenue forecast for Mar 24 based on 1 analysts is $243.41M, with a low forecast of $243.41M, and a high forecast of $243.42M. MANH's average Quarter revenue forecast represents a 2.17% increase compared to the company's last Quarter revenue of $238.25M (Dec 23).
Manhattan Associates EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $61.24M | - | $52.32M | $49.38M | $45.86M | $36.87M | $36.94M | $35.01M | $28.69M | $44.29M | $41.76M | $27.28M | $29.70M | $36.28M |
| Avg Forecast | $72.82M | $75.61M | $73.99M | $72.35M | $66.41M | $69.32M | $68.55M | $65.60M | $60.75M | $62.39M | $61.14M | $58.32M | $53.99M | $55.97M | $54.47M | $38.91M | $47.69M | $48.17M | $46.14M | $30.76M | $23.25M | $39.36M | $38.11M | $24.32M | $34.56M | $34.81M | $33.31M | $17.90M | $29.29M | $29.47M |
| High Forecast | $73.77M | $76.59M | $74.95M | $73.29M | $67.28M | $70.22M | $69.44M | $66.46M | $61.54M | $63.20M | $61.94M | $59.33M | $54.01M | $55.99M | $54.47M | $46.70M | $47.95M | $48.42M | $46.74M | $36.91M | $27.90M | $39.36M | $38.11M | $29.18M | $34.56M | $34.81M | $33.31M | $21.48M | $29.29M | $29.47M |
| Low Forecast | $71.74M | $74.48M | $72.89M | $71.27M | $65.43M | $68.29M | $67.53M | $64.63M | $59.85M | $61.46M | $60.23M | $57.24M | $53.95M | $55.96M | $54.47M | $31.13M | $47.54M | $47.97M | $45.45M | $24.61M | $18.60M | $39.36M | $38.11M | $19.45M | $34.56M | $34.81M | $33.31M | $14.32M | $29.29M | $29.47M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.28% | - | 1.13% | 1.61% | 1.97% | 0.94% | 0.97% | 1.44% | 0.83% | 1.27% | 1.25% | 1.52% | 1.01% | 1.23% |
1 analysts predict MANH's average Quarter EBITDA for Mar 24 to be $38.91M, with a high of $46.70M and a low of $31.13M. This is -36.45% lower than Manhattan Associates's previous annual EBITDA (Dec 23) of $61.24M.
Manhattan Associates Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $48.74M | - | $39.62M | $38.79M | $37.87M | $29.67M | $30.82M | $30.59M | $20.58M | $36.65M | $30.59M | $22.64M | $20.54M | $24.97M |
| Avg Forecast | $88.59M | $95.40M | $92.30M | $91.06M | $82.18M | $88.79M | $87.35M | $81.98M | $75.05M | $80.22M | $77.90M | $70.80M | $65.78M | $65.95M | $59.26M | $32.64M | $49.62M | $47.35M | $44.69M | $25.80M | $16.68M | $35.51M | $33.96M | $20.39M | $23.92M | $33.75M | $26.80M | $14.86M | $20.14M | $24.43M |
| High Forecast | $90.09M | $97.02M | $93.87M | $92.61M | $83.58M | $90.30M | $88.83M | $83.37M | $76.32M | $81.58M | $79.22M | $73.91M | $66.40M | $66.34M | $59.27M | $39.16M | $50.24M | $48.59M | $45.45M | $30.96M | $20.02M | $35.51M | $33.96M | $24.47M | $23.92M | $33.75M | $26.80M | $17.83M | $20.14M | $24.43M |
| Low Forecast | $86.88M | $93.56M | $90.52M | $89.31M | $80.60M | $87.08M | $85.66M | $80.39M | $73.60M | $78.67M | $76.39M | $67.08M | $65.16M | $65.56M | $59.25M | $26.11M | $49.00M | $46.10M | $43.83M | $20.64M | $13.35M | $35.51M | $33.96M | $16.32M | $23.92M | $33.75M | $26.80M | $11.89M | $20.14M | $24.43M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | - | 0.89% | 1.50% | 2.27% | 0.84% | 0.91% | 1.50% | 0.86% | 1.09% | 1.14% | 1.52% | 1.02% | 1.02% |
Manhattan Associates's average Quarter net income forecast for Mar 24 is $32.64M, with a range of $26.11M to $39.16M. MANH's average Quarter net income forecast represents a -33.04% decrease compared to the company's last Quarter net income of $48.74M (Dec 23).
Manhattan Associates SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $39.83M | - | $38.80M | $38.02M | $34.76M | $34.13M | $36.35M | $32.35M | $34.16M | $29.98M | $30.83M | $30.96M | $29.34M | $26.93M |
| Avg Forecast | $62.90M | $65.31M | $63.91M | $62.49M | $57.37M | $59.88M | $59.21M | $56.67M | $52.48M | $53.89M | $52.81M | $50.37M | $46.63M | $48.35M | $47.05M | $34.52M | $41.20M | $41.61M | $39.85M | $27.29M | $27.69M | $34.11M | $33.02M | $21.57M | $29.95M | $30.17M | $28.87M | $20.32M | $25.38M | $25.54M |
| High Forecast | $63.72M | $66.16M | $64.74M | $63.31M | $58.11M | $60.66M | $59.98M | $57.41M | $53.16M | $54.59M | $53.50M | $51.25M | $46.65M | $48.37M | $47.05M | $41.42M | $41.42M | $41.82M | $40.37M | $32.74M | $33.22M | $34.11M | $33.02M | $25.88M | $29.95M | $30.17M | $28.87M | $24.38M | $25.38M | $25.54M |
| Low Forecast | $61.96M | $64.34M | $62.96M | $61.57M | $56.51M | $58.99M | $58.33M | $55.82M | $51.70M | $53.09M | $52.03M | $49.44M | $46.60M | $48.33M | $47.05M | $27.61M | $41.06M | $41.44M | $39.26M | $21.83M | $22.15M | $34.11M | $33.02M | $17.26M | $29.95M | $30.17M | $28.87M | $16.26M | $25.38M | $25.54M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | - | 0.97% | 1.39% | 1.26% | 1.00% | 1.10% | 1.50% | 1.14% | 0.99% | 1.07% | 1.52% | 1.16% | 1.05% |
Manhattan Associates's average Quarter SG&A projection for Mar 24 is $34.52M, based on 1 Wall Street analysts, with a range of $27.61M to $41.42M. The forecast indicates a -13.33% fall compared to MANH last annual SG&A of $39.83M (Dec 23).
Manhattan Associates EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.79 | - | $0.64 | $0.62 | $0.61 | $0.47 | $0.49 | $0.48 | $0.33 | $0.58 | $0.48 | $0.36 | $0.32 | $0.39 |
| Avg Forecast | $1.43 | $1.54 | $1.49 | $1.47 | $1.33 | $1.43 | $1.41 | $1.32 | $1.21 | $1.29 | $1.26 | $1.14 | $1.06 | $1.06 | $0.96 | $0.87 | $0.80 | $0.76 | $0.72 | $0.65 | $0.50 | $0.57 | $0.55 | $0.45 | $0.39 | $0.54 | $0.43 | $0.32 | $0.32 | $0.39 |
| High Forecast | $1.45 | $1.57 | $1.52 | $1.49 | $1.35 | $1.46 | $1.43 | $1.35 | $1.23 | $1.32 | $1.28 | $1.19 | $1.07 | $1.07 | $0.96 | $0.87 | $0.81 | $0.78 | $0.73 | $0.66 | $0.51 | $0.57 | $0.55 | $0.45 | $0.39 | $0.54 | $0.43 | $0.32 | $0.32 | $0.39 |
| Low Forecast | $1.40 | $1.51 | $1.46 | $1.44 | $1.30 | $1.41 | $1.38 | $1.30 | $1.19 | $1.27 | $1.23 | $1.08 | $1.05 | $1.06 | $0.96 | $0.87 | $0.79 | $0.74 | $0.71 | $0.64 | $0.49 | $0.57 | $0.55 | $0.45 | $0.39 | $0.54 | $0.43 | $0.32 | $0.32 | $0.39 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | - | 0.89% | 0.95% | 1.23% | 0.82% | 0.90% | 1.07% | 0.86% | 1.07% | 1.11% | 1.12% | 0.99% | 0.99% |
According to 1 Wall Street analysts, Manhattan Associates's projected average Quarter EPS for Mar 24 is $0.87, with a low estimate of $0.87 and a high estimate of $0.87. This represents a 9.99% increase compared to MANH previous annual EPS of $0.79 (Dec 23).
Manhattan Associates Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| DV | DoubleVerify | $19.95 | $25.44 | 27.52% | Buy |
| ROP | Roper | $536.75 | $652.00 | 21.47% | Buy |
| BSY | Bentley Systems | $48.54 | $55.50 | 14.34% | Buy |
| BLKB | Blackbaud | $77.68 | $87.50 | 12.64% | Buy |
| AZPN | Aspen | $249.25 | $274.00 | 9.93% | Buy |
| DSGX | Descartes Systems Group | $119.25 | $128.60 | 7.84% | Buy |
| ANSS | ANSYS | $343.07 | $359.60 | 4.82% | Buy |
| GWRE | Guidewire Software | $172.49 | $180.57 | 4.68% | Buy |
| MANH | Manhattan Associates | $295.06 | $297.67 | 0.88% | Buy |
| PCTY | Paylocity | $203.08 | $197.33 | -2.83% | Buy |
| BL | BlackLine | $64.46 | $60.75 | -5.76% | Buy |
| AGYS | Agilysys | $141.74 | $125.33 | -11.58% | Buy |
| CVLT | Commvault Systems | $166.44 | $130.50 | -21.59% | Hold |