Analyst Rating Update on Manhattan Associates (MANH)

Manhattan Associates (MANH) : 3 analysts are covering Manhattan Associates (MANH) and their average rating on the stock is 2, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Manhattan Associates (MANH) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

For the current week, the company shares have a recommendation consensus of Buy.


Manhattan Associates (NASDAQ:MANH): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.84 and $56.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $58.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $58.28, notching a gain of 0.99% for the day. The total traded volume was 800,564 . The stock had closed at $57.71 on the previous day.

Manhattan Associates, Inc. (Manhattan) is a developer and provider of supply chain commerce solutions. The Company is engaged in developing, selling, deploying, servicing and maintaining software solutions designed to manage supply chains, inventory and Omni-channel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations. The Companys solutions consist of software, services, and hardware, which coordinate people, workflows, assets, events, and tasks across the functions linked in a supply chain. It offers its solutions in three areas: supply chain, Omni-channel and inventory. Its solutions enable coordinating the actions, data exchange, and communication of participants in supply chain ecosystems, such as manufacturers, suppliers, distributors, trading partners, transportation providers, channels (such as catalogers, store retailers, and Web outlets), and consumers. It has operations in North America, Europe, and the Asia/Pacific region.

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