MANH · NASDAQ · STOCK
Manhattan Associates (MANH) Stock Analysis
$204.94
52W $119.06 – $227.03
61/100
$11.95B
58.2
0.95
⚠
Buy rating, but near-term risk/reward is unfavorable
The long-term recommendation is based on the composite investment score. The near-term risk/reward is based on nearby support and resistance levels. These can differ when a strong company trades close to resistance with support further below.
Is MANH Bullish or Bearish?
Bullish.
Innellis AI committee rates Manhattan Associates (MANH) Buy with a composite score of 61/100
, based on 6 analysts with 50% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +13.59 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -6.41 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Risk Analyst sees a compelling case — low leverage (debt-to-equity 0.00) -- balance sheet can absorb a shock. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- ROE of 85.2% shows genuine earnings power backing the valuation — Value
- 5 consecutive earnings beats -- consistent execution — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- Weekly trend (sideways) confirms the daily trend -- multi-timeframe agreement — Technical
- Low leverage (debt-to-equity 0.00) -- balance sheet can absorb a shock — Risk
- News sentiment is positive (+0.22 across 9 articles, 14d) — News
Bear Case
- P/E of 57.3 is expensive by classic value standards — Value
- Price-to-book of 33.2x prices in significant intangible value — Value
- EPS declining -2.6% YoY despite any revenue growth — Growth
- MACD histogram negative -- bearish momentum — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
61/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 27%
of 287 Technology peers
Value Analyst
neutral
49
/ 100 · High confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 85.2% shows genuine earnings power backing the valuation
− P/E of 57.3 is expensive by classic value standards
Growth Analyst
neutral
56
/ 100 · High confidence
Moderate growth -- present but not remarkable
+ 5 consecutive earnings beats -- consistent execution
− EPS declining -2.6% YoY despite any revenue growth
Technical Analyst
neutral
54
/ 100 · High confidence
Mixed or range-bound price action
+ Weekly trend (sideways) confirms the daily trend -- multi-timeframe agreement
− MACD histogram negative -- bearish momentum
Risk Analyst
bullish
80
/ 100 · Low confidence
Risk profile is manageable -- leverage, volatility, and event exposure all look contained
+ Low leverage (debt-to-equity 0.00) -- balance sheet can absorb a shock
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
65
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.22 across 9 articles, 14d)
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 61.3 to 61.4.
- New bearish signals: 1 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 1 appeared.
- Bearish pressure eased: 1 signal(s) disappeared.
Analyst-level changes:
- News Analyst: +1 bullish signal(s).
- Value Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
49.4
Neutral
MACD Histogram
-0.504
Bearish Momentum
Trend Direction
Sideways
Weekly: Sideways
Market Structure
Hh Hl
Support
$199.34
Resistance
$208.22
Bollinger %B
0.40
Inside Bands
Price vs Moving Averages
EMA 9
$204.61
Above
EMA 21
$205.51
Below
EMA 50
$199.27
Above
EMA 200
$177.13
Above
Fundamental Analysis
Valuation
33
Growth
82
Profitability
95
Financial Health
58
Cash Flow
70
Valuation
P/E Ratio
58.2×
P/B Ratio
77.04×
PEG Ratio
-19.21
Dividend Yield
0.00%
52W High
$227.03
52W Low
$119.06
Quality & Growth
ROE
6987.7%
ROA
2620.3%
Gross Margin
5464.8%
Operating Margin
2433.1%
Revenue Growth YoY
—
Debt / Equity
0.34
AI Fundamental Assessment
P/E ratio of 58.2 (rich relative to a 15-40x range); Price-to-book of 77.0x; PEG ratio of -19.2 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 69.9%; Return on assets of 26.2%; Net margin of 18.7%; Gross margin of 54.6%; Current ratio of 0.98 (tight short-term liquidity); Debt-to-equity of 0.34; Free cash flow per share is positive (6.74); Most recent quarter beat estimates by 3.4%; 5 consecutive earnings beats; EPS growth accelerating (+2.5% -> +12.1% QoQ); Average YoY EPS growth of 6.1%; Analyst estimates rising over recent quarters
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