2024-05-24 12:29:30 ET
Summary
- Manhattan Associates, Inc. has shown increasing earnings but is experiencing sliding revenue growth.
- The global market for supply chain management software is expected to reach $85 billion by 2033, driving growth opportunities for Manhattan Associates.
- Despite positive financial trends, the company's current valuation appears full, and revenue growth expectations are decreasing.
- I remain Neutral (Hold) on Manhattan Associates stock on slower revenue growth and pricey valuation.
Investment Outlook
Manhattan Associates, Inc. ( MANH ) has produced an increasing earnings trajectory.
I previously wrote about MANH in October 2023 with a Hold outlook due to a volatile global environment....
Read the full article on Seeking Alpha
For further details see:
Manhattan Associates: Revenue Growth Fades Amid Uncertain Macro Environment