15 Stocks That Took a Nosedive in January

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13. Manhattan Associates, Inc. (NASDAQ:MANH)

30-day Decline as of February 3, 2025: 24.8%

Manhattan Associates, Inc. (NASDAQ:MANH) registered a share price of $205.07 on February 3, marking a 24.8% decline from its share price on January 3. MANH is a software company that develops warehouse management solutions and supply chain and commerce-related applications.

The stock witnessed a steep decline in its share price on January 29, going from $295.1 to $222.84 in just one day. Since the decline, the stock has been on a downward trajectory despite reporting solid Q4 results. On January 27, George Kurosawa, an analyst at Citi, lowered his price target on the firm from $306 to $303, keeping a neutral rating on the stock.

The decline in share price and dwindling investor sentiment was largely due to the company’s guidance for 2025. The company’s projections for 2025 were much lower than expected, raising concerns about the stock in the market. Despite that, analysts are bullish on the stock, and their median price target of $307.5 points to an upside of 54%.

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