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Manhattan Associates, Inc.NasdaqGS:MANH Stock Report

Market Cap US$8.2b
Share Price
US$140.13
US$240
41.6% undervalued intrinsic discount
1Y-23.6%
7D-1.6%
Portfolio Value
View

Manhattan Associates, Inc.

NasdaqGS:MANH Stock Report

Market Cap: US$8.2b

Manhattan Associates (MANH) Stock Overview

Develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. More details

MANH fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance3/6
Financial Health6/6
Dividends0/6

MANH Community Fair Values

Create Narrative

See what 35 others think this stock is worth. Follow their fair value or set your own to get alerts.

Community Contributor
US$6.85FV 64.1% undervalued intrinsic discount
73.0%Revenue growth p.a.
3.1k
7
0
74
1mo ago

Manhattan Associates, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Manhattan Associates
Historical stock prices
Current Share PriceUS$140.13
52 Week HighUS$247.22
52 Week LowUS$119.06
Beta1.05
1 Month Change4.34%
3 Month Change-7.20%
1 Year Change-23.60%
3 Year Change-17.04%
5 Year Change5.47%
Change since IPO2,462.38%

Recent News & Updates

Recent updates

MANH: Buybacks And Supply Chain Software Demand Will Support Long Term Upside

Analysts have nudged Manhattan Associates' blended price target slightly lower to reflect revised revenue growth, discount rate, profit margin, and P/E assumptions, following a series of modest price target cuts of up to $40, along with smaller $3 upward revisions. Analyst Commentary Recent Street research points to a mixed but generally constructive tone around Manhattan Associates, with several bullish analysts making modest upward adjustments to price targets despite broader recalibrations elsewhere.

Manhattan Associates' Moat Remains Wide, And Now Is A Time To Buy

Apr 23

MANH: Automation Recovery And Buybacks Will Support Long Term Upside

Analysts have nudged Manhattan Associates' blended price target slightly lower to $236, reflecting modest target cuts from some firms even as they point to an improving short cycle recovery for industrial technology and distribution names. Analyst Commentary Recent research on Manhattan Associates centers on fine tuning price targets while keeping a broadly constructive stance on the company and its sector.

MANH: Cloud And AI Adoption Will Support Short Cycle Recovery Execution

Analysts have made only a small adjustment to their view on Manhattan Associates, trimming aggregate price targets by low single digits in dollar terms as they factor in updated sector views and the timing of a short cycle recovery across industrial technology and distribution peers. Analyst Commentary Recent research views on Manhattan Associates have been mixed, with some investors seeing potential in a short cycle recovery across industrial technology and distribution, while others are recalibrating expectations and price targets.

MANH: Cloud And AI Adoption Will Support Future Supply Chain Execution

Narrative Update Analysts have fine tuned their view on Manhattan Associates, trimming some price targets by around $2 to $10 while keeping fair value near $160. This reflects slightly higher assumed revenue growth, margins and future P/E, along with a modestly higher discount rate.

MANH: AI And Automation Tailwinds Will Drive Long Term Upside

Analysts have revised their average price target on Manhattan Associates to $240, down from about $262.75. They cited updated assumptions for discount rates, revenue growth, profit margins and future P/E multiples that reflect their latest views on the company and its sector peers.

MANH: Cloud And AI Adoption Plus Mixed Execution Will Drive Balanced Outlook

Analysts have reduced their average price target for Manhattan Associates by about $8 to $160, citing updated assumptions for growth, margins and discount rates, while some recent research still presents the stock within constructive long term industry themes and a higher future P/E of roughly 43x. Analyst Commentary Recent Street research on Manhattan Associates reflects a mix of supportive long term themes and more cautious adjustments to price targets and assumptions.

MANH: Cloud And AI Adoption Plus Execution Risks Will Shape Balanced Outlook

Analysts have nudged their fair value estimate for Manhattan Associates higher to about $168 per share from roughly $166, reflecting slightly stronger assumptions for revenue growth, profit margins, and future P/E. At the same time, recent Street research shows modestly lower price targets within an overall positive view on industrial technology and distribution names.

MANH: Cloud And AI Execution Plus Buybacks Will Shape Balanced Outlook

Analysts have nudged our fair value estimate for Manhattan Associates lower, from about US$180 to roughly US$166, as refreshed models reflect trimmed Street price targets around US$195 to US$244, along with updated assumptions for revenue growth, profit margins, and a lower future P/E multiple. Analyst Commentary Recent research updates around Manhattan Associates cluster around trimmed price targets and a more measured stance on execution, even as opinions differ on the share rating.

MANH: Cloud Momentum And Buybacks Will Support Balanced Long Term Outlook

We lower our fair value estimate for Manhattan Associates to $180 from $195, reflecting analysts' modestly reduced price targets following Q3's softer remaining performance obligations, even as they highlight resilient cloud growth above 20 percent and a constructive long term demand outlook. Analyst Commentary Recent Street research reflects a more balanced but cautiously toned view on Manhattan Associates, with multiple bearish analysts trimming price targets even as they acknowledge the company’s strong competitive positioning and durable cloud growth profile.

MANH Cloud Momentum And Buybacks Will Support Long Term Upside

Analysts have modestly raised their fair value estimate for Manhattan Associates to $195 from about $176 per share, citing expectations for stronger revenue growth and a higher future earnings multiple despite near term softness in remaining performance obligations. Analyst Commentary Recent Street research on Manhattan Associates reflects a mixed but increasingly balanced stance, with several firms trimming price targets and highlighting execution risks despite a still constructive long term outlook.

Cloud Adoption And AI Integration Will Drive Supply Chain Modernization

Manhattan Associates’ analyst price target has increased moderately, rising from $227.89 to $231.64. Analysts cite the company’s strong product suite, expanding market position, and robust quarterly results as key drivers for renewed optimism.

Here's Why Manhattan Associates (NASDAQ:MANH) Has Caught The Eye Of Investors

Sep 05
Here's Why Manhattan Associates (NASDAQ:MANH) Has Caught The Eye Of Investors

Manhattan Associates, Inc.'s (NASDAQ:MANH) Shareholders Might Be Looking For Exit

Jun 18
Manhattan Associates, Inc.'s (NASDAQ:MANH) Shareholders Might Be Looking For Exit

Should You Investigate Manhattan Associates, Inc. (NASDAQ:MANH) At US$196?

May 13
Should You Investigate Manhattan Associates, Inc. (NASDAQ:MANH) At US$196?

Manhattan Associates: Valuation Is Back At Reasonable Levels (Rating Upgrade)

Apr 24

Manhattan Associates: Decent 'Buy The Dip' Opportunity

Feb 05

Manhattan Associates Improves Performance In Bumpy Environment (Upgrade)

Nov 11

Sell The Highs: Manhattan Associates' Overvaluation Points To A Market Correction

Aug 27

Manhattan Associates Q2: Balancing Record Growth With Valuation Pressures

Aug 21

Manhattan Associates: Revenue Growth Fades Amid Uncertain Macro Environment

May 24

Shareholder Returns

MANHUS SoftwareUS Market
7D-1.6%-0.6%0.8%
1Y-23.6%-8.3%27.7%

Return vs Industry: MANH underperformed the US Software industry which returned -9.8% over the past year.

Return vs Market: MANH underperformed the US Market which returned 28.7% over the past year.

Price Volatility

Is MANH's price volatile compared to industry and market?
MANH volatility
MANH Average Weekly Movement7.2%
Software Industry Average Movement10.2%
Market Average Movement7.2%
10% most volatile stocks in US Market16.2%
10% least volatile stocks in US Market3.3%

Stable Share Price: MANH has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: MANH's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19904,390Eric Clarkwww.manh.com

Manhattan Associates, Inc. develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers warehouse management solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and transportation management solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, call center, POS, and customer engagement tools for enterprises and stores. The company also provides demand forecasting and replenishment, allocation, and unified business planning; technology platform including Manhattan Active Platform solutions, a cloud-native product designed to provide version-less product access; maintenance services, which offers on-premises software licensees with software upgrades for additional or improved functionality and technological advances; and professional services, such as solutions planning and implementation, and related consulting services.

Manhattan Associates, Inc. Fundamentals Summary

How do Manhattan Associates's earnings and revenue compare to its market cap?
MANH fundamental statistics
Market capUS$8.16b
Earnings (TTM)US$216.66m
Revenue (TTM)US$1.10b
38.3x
P/E Ratio
7.5x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MANH income statement (TTM)
RevenueUS$1.10b
Cost of RevenueUS$484.41m
Gross ProfitUS$616.41m
Other ExpensesUS$399.75m
EarningsUS$216.66m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)3.66
Gross Margin56.00%
Net Profit Margin19.68%
Debt/Equity Ratio0%

How did MANH perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/01 17:55
End of Day Share Price 2026/05/01 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Manhattan Associates, Inc. is covered by 21 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joseph VruwinkBaird
Guy HardwickBarclays
Mark SchappelBenchmark Company