Does Leadership Changes and Strong Q2 Signal a New Phase for Manhattan Associates (MANH)?

• In late July 2025, Manhattan Associates reported strong second-quarter financial results, promoted Bob Howell to Chief Sales Officer, brought on new sales leaders in key growth areas, and reaffirmed its earnings guidance for the year while continuing its share buyback program.
• The company's move to strengthen its global sales leadership and focus on large markets like point-of-sale and transportation management systems reflects its intent to drive further market share growth and operational momentum.
• We'll look at how the appointment of an experienced Chief Sales Officer and robust quarterly results impact Manhattan Associates' investment narrative.

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Manhattan Associates Investment Narrative Recap

Owning shares of Manhattan Associates means believing in the company's ability to accelerate adoption of its cloud and AI-powered supply chain solutions while maintaining strong execution in expanding markets like POS and TMS. The recent executive appointments and Q2 earnings reinforce sales momentum but do not meaningfully change the most important near-term catalyst, faster cloud migration among its existing customer base, or lessen the biggest risk of delayed conversions slowing recurring revenue growth. The core thesis remains largely intact for now.

The confirmation of full-year guidance, backed by second-quarter results showing revenue of US$272.42 million and continued share repurchases, is particularly relevant as it reflects the ongoing focus on operational consistency and capital return, both important as Manhattan scales its go-to-market initiatives. Successful realization of these growth initiatives continues to rely on increasing adoption of cloud and automation solutions across its customer portfolio, which is still in early phases for many clients.

On the other hand, investors should be mindful that...

Read the full narrative on Manhattan Associates (it's free!)

Manhattan Associates' outlook points to $1.3 billion in revenue and $296.5 million in earnings by 2028. This scenario assumes a 7.3% annual revenue growth rate and a $75.3 million increase in earnings from the current $221.2 million.

Uncover how Manhattan Associates' forecasts yield a $227.89 fair value, a 4% upside to its current price.

Exploring Other Perspectives

Fair value estimates from 7 Simply Wall St Community members span from US$578 to US$5,782 per share. With cloud adoption advancing gradually, opinions differ widely on future performance and potential, explore several viewpoints to inform your own perspective.

Explore 7 other fair value estimates on Manhattan Associates - why the stock might be a potential multi-bagger!

Build Your Own Manhattan Associates Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Manhattan Associates research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Manhattan Associates research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Manhattan Associates' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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