Manhattan Associates (MANH) Stock Forecast, Price Target & Predictions
MANH Stock Forecast
Manhattan Associates stock forecast is as follows: an average price target of $229.33 (represents a -8.58% downside from MANH’s last price of $250.85) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
MANH Price Target
The average price target for Manhattan Associates (MANH) is $229.33 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $275.00 to $150.00. This represents a potential -8.58% downside from MANH's last price of $250.85.
MANH Analyst Ratings
According to 4 Wall Street analysts, Manhattan Associates's rating consensus is 'Buy'. The analyst rating breakdown for MANH stock is 0 'Strong Buy' (0.00%), 3 'Buy' (75.00%), 1 'Hold' (25.00%), 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 |
|---|---|---|---|---|---|---|
| Jul 24, 2024 | Mark Schappel | Loop Capital Markets | $265.00 | $226.00 | 17.26% | 5.64% |
| Jul 24, 2024 | Joe Vruwink | Robert W. Baird | $261.00 | $226.00 | 15.49% | 4.05% |
| May 16, 2024 | Gil Luria | D.A. Davidson | $260.00 | $223.45 | 16.36% | 3.65% |
| Apr 25, 2024 | Gil Luria | D.A. Davidson | $240.00 | $206.32 | 16.32% | -4.33% |
| Apr 15, 2024 | Terry Tillman | Truist Financial | $275.00 | $237.81 | 15.64% | 9.63% |
| Jul 27, 2022 | - | Raymond James | $165.00 | $116.62 | 41.49% | -34.22% |
| Jul 22, 2022 | - | Rosenblatt Securities | $150.00 | $120.72 | 24.25% | -40.20% |
The latest Manhattan Associates stock forecast, released on Jul 24, 2024 by Mark Schappel from Loop Capital Markets, set a price target of $265.00, which represents a 17.26% increase from the stock price at the time of the forecast ($226.00), and a 5.64% increase from MANH last price ($250.85).
Manhattan Associates Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 5 |
| Avg Price Target | - | $263.00 | $260.20 |
| Last Closing Price | $250.85 | $250.85 | $250.85 |
| Upside/Downside | -100.00% | 4.84% | 3.73% |
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 $250.85. 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 |
|---|---|---|---|---|
| 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 Loop Capital Markets on Jul 24, 2024. The company gave MANH a "Buy" rating, the same as its previous rate.
Manhattan Associates Financial Forecast
Manhattan Associates Revenue Forecast
| 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $238.25M | - | $231.02M | $221.01M | $198.10M | $198.10M | - | $178.96M | $171.49M | $169.19M | $166.11M | $156.85M | $147.08M | $149.76M | $135.63M | $153.90M | $152.93M | $162.28M |
| Avg Forecast | $324.95M | $330.30M | $326.09M | $311.68M | $290.05M | $294.45M | $291.03M | $278.91M | $256.92M | $263.07M | $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 | $127.34M | $152.63M | $147.68M | $151.64M |
| High Forecast | $326.89M | $332.27M | $328.03M | $313.54M | $291.78M | $296.20M | $292.77M | $280.58M | $258.45M | $263.63M | $257.35M | $244.87M | $225.22M | $227.40M | $217.98M | $201.74M | $183.80M | $186.57M | $179.55M | $169.65M | $163.36M | $164.57M | $157.48M | $144.30M | $138.46M | $139.30M | $127.74M | $153.12M | $148.15M | $152.12M |
| Low Forecast | $319.45M | $324.72M | $320.57M | $306.40M | $285.14M | $289.47M | $286.11M | $274.20M | $252.57M | $262.41M | $251.50M | $239.30M | $223.27M | $225.32M | $213.02M | $197.15M | $179.62M | $182.33M | $179.55M | $168.67M | $162.40M | $163.61M | $156.56M | $143.46M | $137.66M | $138.49M | $127.00M | $152.23M | $147.28M | $151.23M |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 10 | 14 | 8 | 8 | 10 | 13 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | - | 1.07% | 1.10% | 1.08% | 1.07% | - | 1.06% | 1.05% | 1.03% | 1.06% | 1.09% | 1.07% | 1.08% | 1.07% | 1.01% | 1.04% | 1.07% |
Manhattan Associates's average Quarter revenue forecast for Mar 24 based on 1 analysts is $243.41M, with a low forecast of $239.30M, and a high forecast of $244.87M. 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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 10 | 14 | 8 | 8 | 10 | 13 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $61.24M | - | $52.32M | $49.38M | $45.86M | $36.87M | - | $35.01M | $28.69M | $44.29M | $41.76M | $27.28M | $29.70M | $36.28M | $28.79M | $27.96M | $27.13M | $37.74M |
| Avg Forecast | $68.96M | $70.10M | $69.20M | $66.14M | $61.55M | $62.49M | $61.76M | $59.19M | $54.52M | $55.83M | $54.29M | $38.91M | $47.54M | $48.01M | $45.99M | $30.76M | $38.77M | $30.82M | $38.11M | $24.32M | $21.14M | $28.01M | $18.37M | $17.90M | $19.40M | $25.12M | $23.71M | $22.03M | $19.25M | $24.22M |
| High Forecast | $69.37M | $70.52M | $69.62M | $66.54M | $61.92M | $62.86M | $62.13M | $59.55M | $54.85M | $55.95M | $54.62M | $46.70M | $47.80M | $48.26M | $46.26M | $36.91M | $39.01M | $36.98M | $38.11M | $29.18M | $25.37M | $33.62M | $22.05M | $21.48M | $23.28M | $30.14M | $28.45M | $26.44M | $23.11M | $29.06M |
| Low Forecast | $67.80M | $68.91M | $68.03M | $65.03M | $60.51M | $61.43M | $60.72M | $58.19M | $53.60M | $55.69M | $53.37M | $31.13M | $47.38M | $47.82M | $45.21M | $24.61M | $38.12M | $24.65M | $38.11M | $19.45M | $16.91M | $22.41M | $14.70M | $14.32M | $15.52M | $20.09M | $18.97M | $17.62M | $15.40M | $19.38M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.29% | - | 1.14% | 1.61% | 1.18% | 1.20% | - | 1.44% | 1.36% | 1.58% | 2.27% | 1.52% | 1.53% | 1.44% | 1.21% | 1.27% | 1.41% | 1.56% |
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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 10 | 14 | 8 | 8 | 10 | 13 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $48.74M | - | $39.62M | $38.79M | $37.87M | $29.67M | - | $30.59M | $20.58M | $36.65M | $30.59M | $22.64M | $20.54M | $24.97M | $19.20M | $22.53M | $16.76M | $27.11M |
| Avg Forecast | $85.10M | $88.83M | $88.21M | $78.89M | $73.16M | $75.29M | $77.71M | $70.05M | $61.94M | $65.37M | $59.42M | $32.64M | $49.76M | $47.48M | $44.82M | $25.80M | $30.85M | $25.50M | $34.16M | $20.39M | $15.17M | $23.18M | $13.46M | $14.86M | $13.42M | $17.28M | $15.82M | $17.75M | $11.89M | $17.39M |
| High Forecast | $85.76M | $89.52M | $88.89M | $79.50M | $73.72M | $75.88M | $78.32M | $70.60M | $62.42M | $65.87M | $59.88M | $39.16M | $50.38M | $48.73M | $45.17M | $30.96M | $31.09M | $30.60M | $34.16M | $24.47M | $18.20M | $27.82M | $16.15M | $17.83M | $16.10M | $20.74M | $18.98M | $21.30M | $14.27M | $20.87M |
| Low Forecast | $83.23M | $86.88M | $86.27M | $77.16M | $71.55M | $73.64M | $76.01M | $68.51M | $60.57M | $64.75M | $58.12M | $26.11M | $49.14M | $46.23M | $43.83M | $20.64M | $30.17M | $20.40M | $34.16M | $16.32M | $12.13M | $18.55M | $10.77M | $11.89M | $10.73M | $13.83M | $12.65M | $14.20M | $9.51M | $13.91M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | - | 0.88% | 1.50% | 1.23% | 1.16% | - | 1.50% | 1.36% | 1.58% | 2.27% | 1.52% | 1.53% | 1.44% | 1.21% | 1.27% | 1.41% | 1.56% |
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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 10 | 14 | 8 | 8 | 10 | 13 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $39.83M | - | $38.80M | $38.02M | $34.76M | $34.13M | - | $32.35M | $34.16M | $29.98M | $30.83M | $30.96M | $29.34M | $26.93M | $23.73M | $29.20M | $31.95M | $28.36M |
| Avg Forecast | $59.76M | $60.75M | $59.97M | $57.32M | $53.34M | $54.15M | $53.53M | $51.30M | $47.25M | $48.38M | $47.05M | $34.52M | $41.20M | $41.61M | $39.85M | $27.29M | $33.60M | $20.86M | $33.02M | $21.57M | $25.17M | $18.97M | $13.57M | $20.32M | $19.16M | $18.65M | $19.54M | $23.01M | $22.67M | $18.20M |
| High Forecast | $60.12M | $61.11M | $60.33M | $57.66M | $53.66M | $54.48M | $53.84M | $51.60M | $47.53M | $48.48M | $47.33M | $41.42M | $41.42M | $41.82M | $40.09M | $32.74M | $33.80M | $25.03M | $33.02M | $25.88M | $30.20M | $22.76M | $16.28M | $24.38M | $23.00M | $22.38M | $23.45M | $27.61M | $27.21M | $21.84M |
| Low Forecast | $58.75M | $59.72M | $58.96M | $56.35M | $52.44M | $53.24M | $52.62M | $50.43M | $46.45M | $48.26M | $46.25M | $27.61M | $41.06M | $41.44M | $39.18M | $21.83M | $33.03M | $16.69M | $33.02M | $17.26M | $20.14M | $15.17M | $10.85M | $16.26M | $15.33M | $14.92M | $15.63M | $18.41M | $18.14M | $14.56M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | - | 0.97% | 1.39% | 1.03% | 1.64% | - | 1.50% | 1.36% | 1.58% | 2.27% | 1.52% | 1.53% | 1.44% | 1.21% | 1.27% | 1.41% | 1.56% |
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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 10 | 14 | 8 | 8 | 10 | 13 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.79 | - | $0.64 | $0.62 | $0.61 | $0.47 | - | $0.48 | $0.33 | $0.58 | $0.48 | $0.36 | $0.32 | $0.39 | $0.30 | $0.35 | $0.26 | $0.42 |
| Avg Forecast | $1.37 | $1.43 | $1.42 | $1.27 | $1.18 | $1.21 | $1.25 | $1.13 | $1.00 | $1.05 | $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 | $0.34 | $0.33 | $0.31 | $0.36 |
| High Forecast | $1.38 | $1.44 | $1.43 | $1.28 | $1.19 | $1.22 | $1.26 | $1.14 | $1.00 | $1.06 | $0.96 | $0.88 | $0.81 | $0.78 | $0.73 | $0.66 | $0.50 | $0.58 | $0.55 | $0.45 | $0.39 | $0.55 | $0.43 | $0.32 | $0.33 | $0.39 | $0.34 | $0.33 | $0.31 | $0.36 |
| Low Forecast | $1.34 | $1.40 | $1.39 | $1.24 | $1.15 | $1.19 | $1.22 | $1.10 | $0.98 | $1.04 | $0.94 | $0.85 | $0.79 | $0.74 | $0.71 | $0.64 | $0.49 | $0.56 | $0.55 | $0.45 | $0.38 | $0.54 | $0.43 | $0.32 | $0.32 | $0.39 | $0.34 | $0.33 | $0.31 | $0.36 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | - | 0.89% | 0.95% | 1.23% | 0.82% | - | 1.07% | 0.86% | 1.07% | 1.11% | 1.12% | 0.99% | 0.99% | 0.87% | 1.07% | 0.84% | 1.17% |
According to 1 Wall Street analysts, Manhattan Associates's projected average Quarter EPS for Mar 24 is $0.87, with a low estimate of $0.85 and a high estimate of $0.88. 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 |
|---|---|---|---|---|---|
| BL | BlackLine | $47.92 | $96.83 | 102.07% | Buy |
| DV | DoubleVerify | $18.12 | $36.58 | 101.88% | Buy |
| PCTY | Paylocity | $153.70 | $215.00 | 39.88% | Buy |
| ANSS | ANSYS | $305.04 | $359.60 | 17.89% | Buy |
| CDAY | Dayforce | $69.52 | $81.33 | 16.99% | Hold |
| BSY | Bentley Systems | $48.29 | $53.00 | 9.75% | Buy |
| ENV | Envestnet | $62.81 | $68.52 | 9.09% | Hold |
| ROP | Roper | $547.76 | $582.88 | 6.41% | Buy |
| DSGX | Descartes Systems Group | $94.62 | $99.86 | 5.54% | Buy |
| AGYS | Agilysys | $103.09 | $108.33 | 5.08% | Buy |
| AZPN | Aspen | $225.10 | $220.00 | -2.27% | Buy |
| GWRE | Guidewire Software | $161.72 | $156.30 | -3.35% | Buy |
| MANH | Manhattan Associates | $250.66 | $229.33 | -8.51% | Buy |
| CVLT | Commvault Systems | $139.53 | $116.60 | -16.43% | Hold |
| BLKB | Blackbaud | $81.47 | $48.00 | -41.08% | Buy |
MANH Forecast FAQ
Is Manhattan Associates a good buy?
Yes, according to 4 Wall Street analysts, Manhattan Associates (MANH) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 75.00% of MANH's total ratings.
What is MANH's price target?
Manhattan Associates (MANH) average price target is $229.33 with a range of $150 to $275, implying a -8.58% from its last price of $250.85. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Manhattan Associates stock go up soon?
According to Wall Street analysts' prediction for MANH stock, the company can go down by -8.58% (from the last price of $250.85 to the average price target of $229.33), up by 9.63% based on the highest stock price target, and down by -40.20% based on the lowest stock price target.
Can Manhattan Associates stock reach $400?
MANH's average twelve months analyst stock price target of $229.33 does not support the claim that Manhattan Associates can reach $400 in the near future.
What are Manhattan Associates's analysts' financial forecasts?
Manhattan Associates's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.15B (high $1.16B, low $1.13B), average EBITDA is $245M (high $246.46M, low $240.86M), average net income is $296.21M (high $298.51M, low $289.7M), average SG&A $212.32M (high $213.58M, low $208.73M), and average EPS is $4.77 (high $4.81, low $4.66). MANH's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.29B (high $1.3B, low $1.27B), average EBITDA is $274.41M (high $276.05M, low $269.77M), average net income is $341.03M (high $343.67M, low $333.53M), average SG&A $237.8M (high $239.22M, low $233.78M), and average EPS is $5.49 (high $5.53, low $5.37).
Did the MANH's actual financial results beat the analysts' financial forecasts?
Based on Manhattan Associates's last annual report (Dec 2023), the company's revenue was $928.72M, beating the average analysts forecast of $867.47M by 7.06%. Apple's EBITDA was $219.42M, beating the average prediction of $172.3M by 27.35%. The company's net income was $176.57M, beating the average estimation of $167.85M by 5.19%. Apple's SG&A was $155.66M, beating the average forecast of $149.94M by 3.82%. Lastly, the company's EPS was $2.86, missing the average prediction of $2.94 by -2.65%. In terms of the last quarterly report (Dec 2023), Manhattan Associates's revenue was $238.26M, beating the average analysts' forecast of $224.01M by 6.36%. The company's EBITDA was $61.24M, beating the average prediction of $47.54M by 28.81%. Manhattan Associates's net income was $48.74M, missing the average estimation of $49.76M by -2.06%. The company's SG&A was $39.82M, missing the average forecast of $41.2M by -3.33%. Lastly, the company's EPS was $0.79, missing the average prediction of $0.801 by -1.38%