Manhattan Associates, Inc. (MANH)

Manhattan Associates Stock Forecast

Stock Price Forecast

The 9 analysts with 12-month price forecasts for Manhattan Associates stock have an average target of 212.67, with a low estimate of 170 and a high estimate of 270. The average target predicts an increase of 29.40% from the current stock price of 164.35.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$170	$212.67	$200	$270
Change	+3.44%	+29.40%	+21.69%	+64.28%

Analyst Ratings

The average analyst rating for Manhattan Associates stock from 10 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25
Strong Buy	4	4	4	4	4	3
Buy	3	3	3	4	4	4
Hold	2	2	2	2	2	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	9	9	9	10	10	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Gil Luria DA Davidson	DA Davidson	Strong Buy Maintains $270 → $195	Strong Buy	Maintains	$270 → $195	+18.65%	Apr 14, 2025
Terry Tillman Truist Securities	Truist Securities	Strong Buy Maintains $285 → $185	Strong Buy	Maintains	$285 → $185	+12.56%	Apr 14, 2025
Mark Schappel Loop Capital	Loop Capital	Strong Buy → Hold Downgrades $275 → $170	Strong Buy → Hold	Downgrades	$275 → $170	+3.44%	Apr 10, 2025
Joe Vruwink Baird	Baird	Buy Maintains $282 → $225	Buy	Maintains	$282 → $225	+36.90%	Mar 18, 2025
George Kurosawa Citigroup	Citigroup	Hold Maintains $244 → $184	Hold	Maintains	$244 → $184	+11.96%	Mar 14, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

1.08B

Increased by 3.71%

from 1.04B

Revenue Next Year

1.17B

Increased by 8.05%

from 1.08B

EPS This Year

4.66

Increased by 32.75%

from 3.51

EPS Next Year

5.20

Increased by 11.64%

from 4.66

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	586.37M	663.64M	767.08M	928.73M	1.04B	1.08B	1.17B	1.31B
Revenue Growth	-5.11%	13.18%	15.59%	21.07%	12.24%	3.71%	8.05%	11.90%
EPS	1.36	1.72	2.03	2.82	3.51	4.66	5.20	6.09
EPS Growth	3.03%	26.47%	18.02%	38.92%	24.47%	32.75%	11.64%	17.13%
Forward PE	-	-	-	-	-	35.27	31.59	26.97
No. Analysts	-	-	-	-	-	12	12	7

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	1.1B	1.2B	1.4B
Avg	1.1B	1.2B	1.3B
Low	1.0B	1.0B	1.2B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	8.1%	13.3%	16.3%
Avg	3.7%	8.0%	11.9%
Low	-3.9%	-3.8%	6.2%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	5.01	5.60	6.71
Avg	4.66	5.20	6.09
Low	4.36	4.82	5.49

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	42.7%	20.3%	29.0%
Avg	32.8%	11.6%	17.1%
Low	24.2%	3.5%	5.5%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.