# Manhattan Associates: Software Quality vs. High Price

> Manhattan Associates software is strong but priced too high for investors.
- Title: Manhattan Associates: Software Quality vs. High Price
- Summary: Manhattan Associates software is strong but priced too high for investors. Manhattan Associates has strong warehouse software but high valuation at 36x next…
- Keywords: manhattan associates, warehouse management software, cloud revenue, ai active agents, eps, q3 guidance, money, business, Manhattan, Associates, Software, Quality
- Source: Seekingalpha — https://seekingalpha.com/article/4955496-manhattan-associates-great-software-full-price
- Author: The Market Auditor
- Published: 2026-10-20T14:33:47+00:00
- Read time: 1 min
- Topics: manhattan associates, warehouse management software, cloud revenue, ai active agents, eps, q3 guidance, money, business
## Market Rating
Manhattan Associates is rated a hold due to strong fundamentals but a stretched valuation at 36x next year's EPS.
## Cloud Growth
Cloud revenue is growing 26% and AI Active Agents are gaining traction.
## Customer Conversion
Only 25% of the customer base has converted to cloud.
## Q3 Guidance
Q3 guidance is already at the high end of expectations with limited upside.
## Investment Thesis
An attractive entry point near $200, $209 on a post-earnings dip.
## Key takeaway

Manhattan Associates has strong warehouse software but high valuation at 36x next year's EPS makes it a hold.