Manhattan Associates Inc Dossier
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SectorInformation Technology IndustrySoftware - Application Beta (adjusted)0.96 Intrinsic Value $200.05median of 6 methods · middle span $146-$249based on filings through 30 Jun 2026 Market Price $204.15Price as of 1 Oct 2026 Near fair valueIntrinsic value is 2% below the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $11.9B Enterprise Value $11.8B Shares Outstanding 59.3M diluted Moat Rating None Next Earnings Date27 Oct 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Manhattan Associates entered the second half of 2026 with strong operating momentum: second-quarter cloud-subscription revenue increased 26% year over year, RPO increased 23%, and management reported a third consecutive record-bookings quarter while raising full-year revenue and adjusted-EPS guidance. The offset is that GAAP operating income and GAAP diluted EPS declined year over year, the company reduced global headcount by approximately 6%, and management continues to identify macroeconomic, implementation, competitive, cybersecurity and AI-related execution risks. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$180.00 Mean target$207.00 High · most bullish analyst$240.00 Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $180.0020% Cloud growth falls below 20% for multiple quarters, bookings or RPO growth decelerates, and restructuring or implementation pressures prevent achievement of the low ends of FY2026 guidance. Base CaseCentral scenario $207.0055% Matches the consensus meanManhattan meets its FY2026 revenue and adjusted-EPS guidance as cloud-subscription growth and RPO conversion offset declining maintenance revenue and transition costs. Bull CaseUpside scenario $240.0025% Cloud growth remains near its second-quarter pace, record bookings convert into revenue, RPO continues growing at a strong double-digit rate, and FY2026 results finish near or above the upper ends of management's revenue and adjusted-EPS guidance. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |