MANH Price Prediction Next Week
Technical Analysis
Recent price action shows MANH trading at $182.54 as of February 21, 2025, with significant volatility. The stock has experienced a sharp decline from its previous levels around $250, primarily due to two major events:
- January 29th earnings report showing disappointing guidance
- February 10th unexpected CEO transition announcement
News Impact Analysis
CEO Transition: Eddie Capel's sudden retirement announcement on February 10th caused an 11% drop in share price. The new CEO Eric Clark comes with global leadership experience but the abrupt transition has created uncertainty.
Q4 2024 Results & 2025 Guidance:
- Services revenue grew only 0.3% to $119.5M
- 2025 revenue growth projected at just 2-3%
- GAAP EPS expected to decline 10-13%
Price Forecast for Next Week
Based on technical indicators and recent news:
Target Prices:
- Support: $175-177 range
- Resistance: $185-187 range
- Most Likely Range: $180-185
Recommendation: SELL
Rationale:
- Multiple headwinds facing services business
- 10% of customers scaling back implementation plans
- Technical indicators showing continued downward pressure
- Recent analyst downgrade by Loop Capital
- Ongoing leadership transition uncertainty
The stock is likely to remain under pressure in the near term as the market digests the CEO transition and reduced growth outlook. Consider re-evaluating position once new leadership provides updated strategic direction.
MANH Similar Chart Price Prediction
The price of MANH is predicted to go up -1.03%, based on the high correlation periods with SMG. The similarity of these two price pattern on the periods is 99.32%.
MANH
SMG
Down: -1.03%Similarity: 99.32%
MANH Revenue Forecast
MANH EPS Forecast
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MANH VS S&P500
Manhattan Associates is a longtime leader in WMS and omnichannel order management, particularly in more complex and higher-end installations. It is undergoing a model transition to the cloud, which will improve visibility.
The company is riding a secular wave of upgrades to omnichannel retailing, which enables a
MANH Analyst's Forecast
Dylan Becker
William Blair
Hold → Buy
2025-02-13
Price Target
n/a
Downside
0%
William Blair holds an investor conference call on February 12.
George Kurosawa
Citigroup
Hold
2025-01-29
Price Target
$303 → $244
Upside
+9.5%
Quinton Gabrielli
Piper Sandler
Buy
2024-11-25
Price Target
$326
Upside
+12.13%
