Stock Rating Upgrade
Of late the Value Trend Rating for Manhattan Associates Inc (NASDAQ: MANH) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 10/25/24, Manhattan Associates Inc (NASDAQ: MANH) stock rose modestly by 0.8%, closing at $275.70. This advance was accompanied by normal trading volume. Relative to the market the stock has been strong over the last nine months but has declined -9.5% 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 C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Manhattan Associates has a poor Appreciation Score of 16 but a good Power Rating of 72, leading to the Low Neutral Value Trend Rating.
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