We recently published a list of 15 Stocks That Took a Nosedive in January. In this article, we are going to take a look at where Manhattan Associates, Inc. (NASDAQ:MANH) stands against other stocks that took a nosedive in January.

Historically, the S&P 500’s performance in January sets the pace for the rest of the year. According to Jared Blikre, Yahoo Finance Markets Editor, the S&P 500 returned nearly 17% in January, which is pretty impressive because a positive January usually translates as a positive year for the markets. Jared also added that while the energy and utilities sectors are lagging, the communication services and healthcare segments are showing signs of strength.

At the same time, while the S&P 500 remained positive at the end of January, some stocks declined due to various reasons especially the launch of the Chinese OpenAI rival, DeepSeek, and new regulations amid the new administration.

15 companies in diverse sectors such as the financials, biotechnology, healthcare, technology, and energy industries, declined due to unsupportive market conditions, macroeconomic environment, and other factors. That said, let’s take a look at the 15 stocks that took a nosedive in January.

To come up with the 15 names, we only considered stocks with a market capitalization of more than $2 billion. We then shortlisted the stocks based on their performance in the past quarter and picked the 15 with the largest 30-day decline from January 3, 2024, to February 3, 2025.

At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

A woman and man in formal attire in a meeting room discussing the latest enterprise solutions technology from the company.

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. Manhattan Associates (NASDAQ: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%.

Overall, MANH ranks 13th on our list of stocks that took a nosedive in January. While we acknowledge the potential of MANH to grow, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MANH but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.