Retail Weakness Keeps Hammering Manhattan Associates
The retail industry has to handle a lot of logistics, and Manhattan Associates (NASDAQ: MANH) aims to make retailers' jobs a little easier by helping them manage their supply-chain needs through innovative software platforms. Manhattan's cloud-based offerings have put the company in the right place at the right time, and as the business has grown, shareholders have found themselves rewarded for their patience.
Yet coming into Tuesday's third-quarter financial report, Manhattan investors needed to see evidence that the company would be able to bounce back from some tough quarters recently, which, in turn, reflected the general weakness among its retailer customer base. Manhattan's results were reasonably solid, but they didn't give shareholders enough optimism to dispel worries about the company's future. Let's look more closely at how Manhattan Associates did and what lies ahead for the business.
Image source: Manhattan Associates.
Source: Fool.com
Manhattan Associates Inc. Stock
With 9 Buy predictions and not the single Sell prediction the community is currently very high on Manhattan Associates Inc..
As a result the target price of 227 € shows a slightly positive potential of 10.19% compared to the current price of 206.0 € for Manhattan Associates Inc..
