Manhattan Associates Surpasses Analyst Price Target: What’s Next?
In recent trading, shares of Manhattan Associates, Inc. (Symbol: MANH) have climbed above the average analyst 12-month target price of $286.25, currently trading at $287.57 per share. When a stock reaches the target set by analysts, they typically face a choice: either downgrade the stock due to valuation concerns or raise the target price to reflect increased value. Analyst responses may hinge on recent developments within the company that have led to the stock’s rise — if positive changes are in play, a higher target could be warranted.
There are eight different analyst targets contributing to the average for Manhattan Associates, Inc., as tracked by Zacks. However, averages can be misleading, as some analysts set lower targets, with one estimating a price of $225.00, while another sees the stock reaching as high as $315.00. The standard deviation in these estimates is $30.391, indicating varying opinions among analysts.
Investors often look at the average price target to gauge market sentiment, combining insights from multiple analysts rather than relying on a single expert. With MANH now trading above the average target price of $286.25 per share, this presents a crucial moment for investors to reassess their positions. They must decide whether $286.25 is just a milestone on the way to an even higher target, or if the valuation has peaked, prompting a reconsideration of their investments. Below is a summary of current analyst ratings for Manhattan Associates, Inc.:
| Recent MANH Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 5 | 5 | 5 | 5 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 3 | 3 | 3 | 3 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.78 | 1.78 | 1.78 | 1.78 |
The average rating on the chart ranges from 1 to 5, with 1 being Strong Buy and 5 being Strong Sell. This report utilized data from Zacks Investment Research via Quandl.com. For the latest research report on MANH, visit Zacks.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
