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MAN Forecast

Bearish <—> Bullish

80% Confidence

Bullish Case: MAN's focus on cost-effective digital workforce solutions may lead to revenue recovery if economic conditions improve.

Bearish Case: High volatility and economic pressures, alongside declining demand, suggest ongoing challenges for MAN, risking further price drops.

Potential Outcomes: Continued revenue decline (60%), leading to price pressure.
Cost-cutting offsets some declines (25%).
Market recovery surprises (15%).

April 29, 2025

ManpowerGroup Forecast

MAN ManpowerGroup

Price Forecast
Future Uncertainty

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GES Guess (0.91)

RCKT Rocket Pharmaceuticals (0.91)

Uncorrelated Assets

Assets with little price relationship to MAN

SG Sweetgreen (0.01)

UNH Unitedhealth (0.01)

FE Firstenergy (-0.01)

APPN Appian (-0.01)

FEZ SPDR EURO Stoxx 50 (-0.01)

Anticorrelated Assets

Assets that tend to move strongly against MAN

LRN Stride (-0.84)

RKLB Rocket Lab USA (-0.85)

CHWY Chewy (-0.85)

EOSE Eos Energy Enterprises (-0.86)

FOXA Fox Corporation - (-0.88)

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