The Manhattan Associates (NASDAQ:MANH) stock has been the epicenter of a flurry of analyst ratings over the past three months, leaving investors and observers on the edge of their seats. As a total of 4 analysts have weighed in on the company, offering a diverse array of perspectives, we’ve unraveled the thread of their statements to unearth the evolving sentiment surrounding Manhattan Associates.
Ratings and 12-Month Price Targets: An Overview
The following table provides a snapshot of the analyst ratings in the last 30 days and over the preceding 2-3 months, comparing them for valuable insights:
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | Total Ratings |
| 3 | 0 | 1 | 0 | 0 | 4 |
| 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 |
| 2 | 0 | 0 | 0 | 0 | 2 |
| 0 | 0 | 0 | 0 | 0 | 0 |
Further analysis indicates that the 12-month price targets forecasted by analysts give us an average price target of $273.00, the highest estimate at $285.00, and the lowest estimate at $257.00. This marks a substantial increase of 9.75% from the previous average price target, reaching $248.75. This substantial surge undoubtedly captivates the imagination of investors as it injects fresh hope into the upward climb of Manhattan Associates stock price.
A Deep Dive into Analyst Ratings and Price Targets
We zeroed in on the recent evaluation of key analysts, drawing attention to the current ratings, price targets, and the prior ratings of Manhattan Associates. Our detailed analysis conveys the degree of optimism or pessimism reflected in their ratings. Here are the analysts and their recent verdicts on Manhattan Associates:
- Mark Schappel - Loop Capital
- Action Taken: Raise
- Rating: Buy
- Current Price Target: $285.00
- Prior Price Target: $265.00
- Mark Schappel - Loop Capital
- Action Taken: Raise
- Rating: Buy
- Current Price Target: $265.00
- Prior Price Target: $250.00
- Gil Luria - DA Davidson
- Action Taken: Raise
- Rating: Buy
- Current Price Target: $285.00
- Prior Price Target: $260.00
- George Kurosawa - Citigroup
- Action Taken: Raise
- Rating: Neutral
- Current Price Target: $257.00
- Prior Price Target: $220.00
"Action Taken," in this context, is defined as the analyst taking decisive steps in response to shifting market conditions and the performance of Manhattan Associates, to either "Maintain," "Raise" or "Lower" their stance. These adjustments inherently convey their reaction to new developments surrounding the organization, drawing the spotlight on their dynamic evaluation of Manhattan Associates’ prospects.