Manhattan Associates Inc (NASDAQ: MANH) stock enjoyed a major increase of 10.5% on 7/24/24. The shares closed at $249.83. Moreover, this advance was accompanied by exceptionally high trading volume at 302% of normal. The stock has performed in line with the market over the last nine months and has risen 4.5% during the last week.
Current PriceTarget Research Rating
MANH’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Manhattan Associates has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Manhattan Associates has a poor Appreciation Score of 16 but a neutral Power Rating of 60, triggering the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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