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MANH vs WDAY
Which Stock Would AI Choose? Manhattan Associates (MANH) vs. Workday (WDAY) Stock Comparison
Key Takeaways
- MANH is a supply chain and omnichannel commerce software leader, while WDAY is an enterprise cloud platform for human resources and finance.
- Recent relative performance has diverged sharply: MANH has gained roughly 27% year to date, while WDAY has declined by double digits over the same period.
- Both companies beat earnings expectations in their latest quarters, with MANH driven by 26% cloud growth and WDAY by accelerating adoption of AI agents.
- The two firms operate at different scales, with WDAY's market capitalization near $46 billion versus roughly $9 billion for MANH.
- Valuations differ meaningfully: WDAY trades at a lower forward price-to-earnings (P/E) multiple than MANH's premium software valuation.
Introduction
Investors weighing software opportunities often confront a choice between a focused, high-margin niche leader and a large, diversified enterprise platform. This stock comparison examines exactly that trade-off. MANH competes in supply chain execution software, while WDAY dominates cloud-based human capital and financial management. Their recent relative performance has moved in opposite directions, making the pair a useful case study in momentum, valuation, and AI-driven growth. This comparison is relevant to growth investors assessing market positioning and to traders monitoring shifts in sentiment across two distinct software subsectors.
MANH Overview and Recent Performance
Manhattan Associates provides AI-powered, cloud-based supply chain and omnichannel commerce solutions that help retailers, wholesalers, and manufacturers manage inventory, distribution, and fulfillment. In its most recent quarter, MANH reported revenue of $297.8 million, up 9.3% year over year, led by a 26% increase in cloud subscription revenue. Remaining performance obligations (RPO), a measure of contracted future revenue, rose 23% to $2.47 billion.
The company raised its full-year revenue guidance to roughly $1.16 billion, implying 7% to 8% growth, while continuing an active share-buyback program and maintaining a debt-free balance sheet. Sentiment has improved in recent weeks, with several analysts lifting price targets and one major firm upgrading the shares, citing resilient demand for supply chain automation. The stock has outperformed the broader market this year, supported by record bookings and steady cloud momentum.
WDAY Overview and Recent Performance
Workday delivers enterprise cloud applications for human capital management (HCM) and financial management, serving large organizations across industries. Its most recent quarter showed revenue of $2.65 billion, up 12.8% year over year, with adjusted operating margin expanding to about 31%. Management highlighted that AI products alone generated more than $100 million in new annual contract value (ACV), representing over a quarter of new ACV closed in the period, and more than 5,500 customers now use at least one organic AI agent.
Despite these fundamentals, WDAY shares have lagged in recent months. The stock has declined by a double-digit percentage year to date, reflecting a combination of a softer growth outlook, an earlier guidance reset, CEO transition uncertainty, and a broader shift toward AI investment weighing on near-term margins. Recent weeks have seen an uptick in analyst activity, with some firms citing AI adoption and a reduced valuation as reasons for a more constructive view, though sentiment remains mixed.
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Head-to-Head Comparison
The most striking contrast between these two names is relative performance and momentum. MANH has posted strong year-to-date gains and rising analyst targets, while WDAY has lagged despite solid execution, reflecting investor caution about its growth trajectory and AI monetization timeline.
Their business models also differ. MANH is a focused, capital-efficient niche leader with a debt-free balance sheet, roughly 35% non-GAAP adjusted operating margins, and a large buyback program. WDAY is a far larger platform with a subscription model, broader enterprise footprint, and a higher absolute revenue base, but it is investing heavily in AI agents and a consumption-based "flex credits" model that may delay near-term revenue recognition.
On valuation, WDAY trades at a materially lower forward P/E multiple than MANH, which carries a premium reflecting its faster cloud growth and higher margins. Risk factors also diverge: MANH faces exposure to retail and distribution cyclicality, while WDAY contends with HR market saturation, leadership transition, and execution risk on its AI roadmap.
Tickeron AI Verdict
Based on observable trend consistency, momentum, and margin strength, Tickeron's AI framework would currently lean toward MANH. Its consistent uptrend, accelerating cloud growth, record bookings, and clean balance sheet present a more stable and coherent signal profile than WDAY's recovery attempt amid mixed sentiment. That said, the verdict is probabilistic rather than definitive: WDAY's lower valuation and expanding AI adoption represent potential catalysts that could shift the balance if monetization accelerates. Traders should weigh MANH's momentum and premium against WDAY's value and optionality according to their own risk tolerance.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is MANH is a Buy and WDAY is a StrongBuy.
MANH in upward trend: price rose above 50-day moving average on October 12, 2026
MANH moved above its 50-day moving average on October 12, 2026 date and that indicates a change from a downward trend to an upward trend. In 27 of 35 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 77%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 12, 2026. You may want to consider a long position or call options on MANH as a result. In 65 of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 71%.
The Moving Average Convergence Divergence (MACD) for MANH just turned positive on October 12, 2026. Looking at past instances where MANH's MACD turned positive, the stock continued to rise in 36 of 53 cases over the following month. The odds of a continued upward trend are 68%.
The 10-day moving average for MANH crossed bullishly above the 50-day moving average on October 13, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 9 of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 64%.
Following a +4.00% 3-day Advance, the price is estimated to grow further. Considering data from situations where MANH advanced for three days, in 234 of 343 cases, the price rose further within the following month. The odds of a continued upward trend are 68%.
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MANH declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 68%.
MANH broke above its upper Bollinger Band on October 15, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for MANH entered a downward trend on October 07, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is 14 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 18 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 36 (best 1 - 100 worst), indicating steady price growth. MANH’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 71 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. MANH’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 94, placing this stock better than average.
The Tickeron Valuation Rating of 96 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (89.645) is normal, around the industry mean (-1.734). P/E Ratio (68.798) is within average values for comparable stocks, (15.183). Projected Growth (PEG Ratio) (2.566) is also within normal values, averaging (2.824). Dividend Yield (0.000) settles around the average of (0.074) among similar stocks. P/S Ratio (11.338) is also within normal values, averaging (71.128).
WDAY's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for WDAY turned positive on October 15, 2026. Looking at past instances where WDAY's MACD turned positive, the stock continued to rise in 36 of 49 cases over the following month. The odds of a continued upward trend are 73%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 15, 2026. You may want to consider a long position or call options on WDAY as a result. In 62 of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 71%.
WDAY moved above its 50-day moving average on October 19, 2026 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for WDAY crossed bullishly above the 50-day moving average on October 21, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 11 of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 69%.
Following a +6.90% 3-day Advance, the price is estimated to grow further. Considering data from situations where WDAY advanced for three days, in 173 of 303 cases, the price rose further within the following month. The odds of a continued upward trend are 57%.
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where WDAY declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 71%.
WDAY broke above its upper Bollinger Band on October 22, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for WDAY entered a downward trend on October 07, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is 37 (best 1 - 100 worst), indicating steady price growth. WDAY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 54 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 81 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (7.834) is normal, around the industry mean (-1.734). P/E Ratio (42.681) is within average values for comparable stocks, (15.183). Projected Growth (PEG Ratio) (0.689) is also within normal values, averaging (2.824). Dividend Yield (0.000) settles around the average of (0.074) among similar stocks. P/S Ratio (4.773) is also within normal values, averaging (71.128).
The Tickeron PE Growth Rating for this company is 93 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. WDAY’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 94, placing this stock worse than average.
MANH | WDAY | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 31 | 27 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 96 Overvalued | 81 Overvalued | |
PROFIT vs RISK RATING 1..100 | 71 | 100 | |
SMR RATING 1..100 | 14 | 54 | |
PRICE GROWTH RATING 1..100 | 36 | 37 | |
P/E GROWTH RATING 1..100 | 18 | 93 | |
SEASONALITY SCORE 1..100 | 37 | n/a |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
WDAY's Valuation (81) in the Information Technology Services industry is in the same range as MANH (96) in the Packaged Software industry. This means that WDAY’s stock grew similarly to MANH’s over the last 12 months.
MANH's Profit vs Risk Rating (71) in the Packaged Software industry is in the same range as WDAY (100) in the Information Technology Services industry. This means that MANH’s stock grew similarly to WDAY’s over the last 12 months.
MANH's SMR Rating (14) in the Packaged Software industry is somewhat better than the same rating for WDAY (54) in the Information Technology Services industry. This means that MANH’s stock grew somewhat faster than WDAY’s over the last 12 months.
MANH's Price Growth Rating (36) in the Packaged Software industry is in the same range as WDAY (37) in the Information Technology Services industry. This means that MANH’s stock grew similarly to WDAY’s over the last 12 months.
MANH's P/E Growth Rating (18) in the Packaged Software industry is significantly better than the same rating for WDAY (93) in the Information Technology Services industry. This means that MANH’s stock grew significantly faster than WDAY’s over the last 12 months.
| MANH | WDAY | |
|---|---|---|
| RSI ODDS (%) | 1 day ago 64% | 1 day ago 67% |
| Stochastic ODDS (%) | 1 day ago 69% | 1 day ago 71% |
| Momentum ODDS (%) | 1 day ago 71% | 1 day ago 71% |
| MACD ODDS (%) | 1 day ago 68% | 1 day ago 73% |
| TrendWeek ODDS (%) | 1 day ago 70% | 1 day ago 63% |
| TrendMonth ODDS (%) | 1 day ago 71% | 1 day ago 64% |
| Advances ODDS (%) | 1 day ago 68% | 3 days ago 57% |
| Declines ODDS (%) | 16 days ago 68% | 16 days ago 71% |
| BollingerBands ODDS (%) | 1 day ago 82% | 1 day ago 71% |
| Aroon ODDS (%) | 1 day ago 73% | 1 day ago 80% |
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
MANH’s FA Score shows that 2 FA rating(s) are green while WDAY’s FA Score has 0 green FA rating(s).
- MANH’s FA Score: 2 green, 3 red.
- WDAY’s FA Score: 0 green, 5 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
MANH’s TA Score shows that 5 TA indicator(s) are bullish while WDAY’s TA Score has 5 bullish TA indicator(s).
- MANH’s TA Score: 5 bullish, 5 bearish.
- WDAY’s TA Score: 5 bullish, 4 bearish.
Price Growth
MANH (@Packaged Software) experienced а +7.18% price change this week, while WDAY (@Packaged Software) price change was +7.52% for the same time period.
The average weekly price growth across all stocks in the @Packaged Software industry was -0.43%. For the same industry, the average monthly price growth was -3.98%, and the average quarterly price growth was +4.31%.
Reported Earning Dates
MANH is expected to report earnings on Oct 27, 2026.
WDAY is expected to report earnings on Nov 24, 2026.
Industries' Descriptions
@Packaged Software (-0.43% weekly)Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.
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MANH and
Correlation & Price change
A.I.dvisor indicates that over the last year, MANH has been closely correlated with BLKB. These tickers have moved in lockstep 67% of the time. This A.I.-generated data suggests there is a high statistical probability that if MANH jumps, then BLKB could also see price increases.
| Ticker / NAME | Correlation To MANH | 1D Price Change % | ||
|---|---|---|---|---|
| MANH | 100% | +2.69% | ||
| BLKB - MANH | 67% Closely correlated | +5.22% | ||
| WDAY - MANH | 67% Closely correlated | +3.46% | ||
| PCTY - MANH | 67% Closely correlated | +4.93% | ||
| FRSH - MANH | 65% Loosely correlated | +3.34% | ||
| DOCU - MANH | 65% Loosely correlated | +3.60% | ||
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WDAY and
Correlation & Price change
A.I.dvisor indicates that over the last year, WDAY has been closely correlated with ADBE. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if WDAY jumps, then ADBE could also see price increases.
| Ticker / NAME | Correlation To WDAY | 1D Price Change % | ||
|---|---|---|---|---|
| WDAY | 100% | +3.46% | ||
| ADBE - WDAY | 76% Closely correlated | +6.07% | ||
| ASAN - WDAY | 75% Closely correlated | +3.88% | ||
| NOW - WDAY | 75% Closely correlated | +2.53% | ||
| FRSH - WDAY | 74% Closely correlated | +3.34% | ||
| INTU - WDAY | 72% Closely correlated | +5.75% | ||
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