Why These 15 Large-Cap Stocks Are Plunging So Far In 2025

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2. Manhattan Associates Inc (NASDAQ:MANH)

Number of Hedge Fund Holders In Q4 2024: 34

Manhattan Associates Inc (NASDAQ:MANH) makes software for supply chains and retail inventory management.

The stock is down significantly so far in 2025 as it reported Q4 2024 Services revenue of $119.5 million. It grew by only 0.3% year-over-year and fell $2 million short of guidance provided in its previous quarter.

The company attributed this to delays in professional services work and deferred deals. Approximately 10% of customers with ongoing implementations had scaled back planned services work for the upcoming fiscal year.

Moreover, it announced the retirement of its President and CEO, Eddie Capel, in the first half of February.

The company is also facing multiple class action lawsuits.

The consensus price target of $273.33 implies 58.06% upside.

MANH stock is down 35.95% year-to-date.

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