Manhattan Associates: Decent 'Buy The Dip' Opportunity
Portfolio Pulse from
Manhattan Associates is rated a 'Buy' with a 1-year target price of $240.7, suggesting a 16% upside. Despite a slowdown in services revenue, the company has strong fundamentals, including solid profit margins, cash flow, and no debt. Its cloud subscription business is growing rapidly and is expected to surpass services revenue by 2026.
February 05, 2025 | 6:30 am
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Manhattan Associates is rated a 'Buy' with a target price of $240.7, indicating a 16% upside. The company has strong fundamentals, including profit margins, cash flow, and no debt. Its cloud business is growing rapidly, expected to surpass services revenue by 2026.
The 'Buy' rating and target price suggest a positive outlook for MANH. The company's strong fundamentals and growth in the cloud business support this view, despite a slowdown in services revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100