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Manhattan Associates Inc MANH Stock Quote

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Morningstar‘s Stock Analysis MANH

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Manhattan Associates Enjoys Strong Results Fueled by Stellar Cloud Growth; FVE Up to $155

Dan Romanoff, CPA Senior Equity Analyst

Analyst Note

| Dan Romanoff, CPA |

Narrow-moat Manhattan Associates reported second-quarter results that came in ahead of both guidance and our expectations. Management again raised its outlook for 2022, as the cloud transition gains positive momentum for both active transportation management and active warehouse management. We believe Manhattan’s cloud-based portfolio combined with new cloud products and persistent global supply chain challenges leaves the company uniquely poised to benefit over the next several years We appreciate the detailed guidance allowing us to fine-tune our model, which we view as largely in line with management’s outlook. Given upside to results and a constructive outlook, we are increasing our fair value estimate to $155 per share from $149 and view the shares as attractive.

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Key Statistics MANH

Company Profile MANH

Business Description

Manhattan Associates provides software that helps users manage their supply chains, inventory, and omnichannel operations. Customers are generally retailers, wholesalers, manufacturers, and logistics providers. The company was founded in 1990 and serves more than 1,200 customers around the world.

2300 Windy Ridge Parkway, Tenth Floor
Atlanta, GA, 30339
T +1 770 955-7070
Industry Software - Application
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Stock Type Slow Growth
Employees 3,860