Despite the Q1 earnings release, full year guidance and ongoing buybacks, Manhattan Associates’ recent share price return has been mixed, with a 1 month share price return of 8.19% but a year to date share price return decline of 17.60% and a 1 year total shareholder return decline of 21.79%, suggesting momentum has been fading rather than building.<\/p>\n
If this earnings reaction has you rethinking where growth in enterprise technology might come from, it could be worth widening the search to 38 AI infrastructure stocks<\/a><\/p>\n Set against a 2026 EPS guide of US$3.55 to US$3.63 and a recent price of US$137.84, plus a long running buyback, investors must decide whether there is a genuine buying opportunity or whether future growth is already priced in.<\/p>\n Most Popular Narrative: 13.8% Undervalued <\/p>\n With Manhattan Associates last closing at US$137.84 against a widely followed fair value estimate of US$160, the narrative frames the shares as undervalued using an 8.51% discount rate and detailed earnings assumptions.<\/p>\n The bearish analysts expect earnings to reach $271.4 million (and earnings per share of $4.39) by about March 2029, up from $219.9 million today. However, there is some disagreement amongst the analysts with the more bullish ones expecting earnings as high as $312.4 million.<\/p>\n Read the complete narrative.<\/a><\/p>\n It may be useful to consider what earnings path and margin profile support that return gap, and which future profit multiple this narrative relies on to reach its fair value target.<\/p>\n Result: Fair Value of $160 (UNDERVALUED)<\/p>\n Have a read of the narrative in full and understand what’s behind the forecasts.<\/a><\/p>\n However, there are clear swing factors, including slower cloud migrations if customers extend implementation timelines, and margin pressure if higher sales and marketing spend does not translate into revenue.<\/p>\n Find out about the key risks to this Manhattan Associates narrative.<\/a><\/p>\n Another Angle On Valuation <\/p>\n The earlier fair value estimate of US$160 leans on earnings and long term assumptions, but the current P\/E of 37.6x is high next to the US Software industry at 30.5x, peers at 31.1x, and a fair ratio of 25.9x. This points to valuation risk if sentiment cools.<\/p>\n The gap between today\u2019s P\/E and the fair ratio suggests the market could shift closer to the lower number if growth or execution stumbles. It can be useful to ask how much optimism you are comfortable paying for at this price. See what the numbers say about this price \u2014 find out in our valuation breakdown.<\/a><\/p>\n Mixed signals on value and growth can be confusing, so check the numbers, weigh both sides, and move quickly to form your own view with 2 key rewards and 1 important warning sign<\/a><\/p>\n Looking for more investment ideas? <\/p>\n If Manhattan Associates has sharpened your focus, do not stop here. Broaden your watchlist with a few focused stock ideas that fit different portfolio goals.<\/p>\n This article by Simply Wall St is general in nature. We provide commentary based on historical data New: Manage All Your Stock Portfolios in One Place<\/p>\n We’ve created the ultimate portfolio companion for stock investors, and it’s free.<\/p>\n \u2022 Connect an unlimited number of Portfolios and see your total in one currency Try a Demo Portfolio for Free<\/a><\/p>\n Have feedback on this article? Concerned about the content? Get in touch<\/a> with us directly. Alternatively, email editorial-team@simplywallst.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Q1 earnings, full year guidance and buybacks in focus Manhattan Associates (MANH) has drawn investor attention after reporting…\n","protected":false},"author":2,"featured_media":66436,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[75,84,83,9,24,63],"class_list":["post-212163","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-manhattan","tag-manhattan-headlines","tag-manhattan-news","tag-new-york","tag-new-york-city","tag-nyc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/212163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=212163"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/212163\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/66436"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=212163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=212163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=212163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"NasdaqGS:MANH](\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/04\/1777344010_778_pe-multiple-vs-industry.png\")
<\/a>NasdaqGS:MANH P\/E Ratio as at Apr 2026Next Steps <\/p>\n
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