Manhattan Associates (NASDAQ:MANH) Stock Price Expected to Rise, Citigroup Analyst Says

Manhattan Associates (NASDAQ:MANH) had its price target upped by investment analysts at Citigroup from $260.00 to $280.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Citigroup‘s price target suggests a potential upside of 16.63% from the stock’s previous close.

MANH has been the topic of several other reports. Weiss Ratings raised shares of Manhattan Associates from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Wall Street Zen raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a report on Saturday. DA Davidson boosted their target price on shares of Manhattan Associates from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Wednesday. Truist Financial restated a “buy” rating and issued a $305.00 target price (up from $240.00) on shares of Manhattan Associates in a research note on Wednesday. Finally, Robert W. Baird increased their price target on shares of Manhattan Associates from $218.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $257.11.

Manhattan Associates Trading Up 2.6%

MANH stock traded up $6.09 during midday trading on Wednesday, hitting $240.07. 1,333,470 shares of the company’s stock were exchanged, compared to its average volume of 751,857. The firm has a 50 day moving average price of $214.32 and a 200-day moving average price of $165.66. Manhattan Associates has a 12-month low of $119.06 and a 12-month high of $254.00. The stock has a market capitalization of $14.00 billion, a price-to-earnings ratio of 68.79 and a beta of 0.95.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, October 27th. The software maker reported $1.55 EPS for the quarter, beating the consensus estimate of $1.46 by $0.09. Manhattan Associates had a return on equity of 86.72% and a net margin of 18.67%. The company had revenue of $306.19 million during the quarter, compared to analysts’ expectations of $297.01 million. During the same period in the prior year, the business posted $1.36 EPS. The business’s revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts forecast that Manhattan Associates will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Eric Clark sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $197.76, for a total transaction of $593,280.00. Following the transaction, the chief executive officer directly owned 89,638 shares in the company, valued at $17,726,810.88. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP James Gantt sold 5,139 shares of Manhattan Associates stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $195.53, for a total transaction of $1,004,828.67. Following the completion of the transaction, the executive vice president directly owned 55,676 shares of the company’s stock, valued at approximately $10,886,328.28. This represents a 8.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.84% of the stock is currently owned by insiders.

Institutional Trading of Manhattan Associates

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Manhattan Associates in the 2nd quarter worth about $944,285,000. William Blair Investment Management LLC bought a new stake in shares of Manhattan Associates during the 2nd quarter valued at about $94,049,000. Bank of America Corp DE bought a new stake in shares of Manhattan Associates during the 2nd quarter valued at about $75,136,000. Bank of New York Mellon Corp bought a new stake in shares of Manhattan Associates during the 2nd quarter valued at about $54,011,000. Finally, Amundi raised its stake in Manhattan Associates by 479.4% during the first quarter. Amundi now owns 454,095 shares of the software maker’s stock worth $60,449,000 after acquiring an additional 375,719 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

Manhattan Associates News Roundup

Here are the key news stories impacting Manhattan Associates this week:

• Positive Sentiment: Q3 results exceeded expectations: Manhattan Associates reported adjusted earnings of $1.55 per share versus the $1.46 consensus estimate, while revenue reached $306.2 million, ahead of expectations of approximately $297.0 million and up 11% year over year. Manhattan Associates Q3 earnings report
• Positive Sentiment: Cloud momentum and contracted revenue strengthened: Cloud subscription revenue increased 28% to $134.4 million, and remaining performance obligations rose to about $2.59 billion. Management also indicated that AI pilots are converting into customer deployments, supporting expectations for durable subscription growth. Manhattan Associates RPO and outlook update
• Positive Sentiment: 2026 guidance was raised: The company now expects full-year revenue of $1.176 billion to $1.178 billion and adjusted EPS of $5.54 to $5.56, above its previous guidance ranges. It also outlined approximately 21% growth in remaining performance obligations for 2026. Manhattan Associates 2026 earnings guidance
• Positive Sentiment: Truist became more constructive: Truist Financial reaffirmed its Buy rating and increased its price target from $240 to $305, implying substantial potential upside based on the reported reference price. Truist Financial Manhattan Associates rating
• Neutral Sentiment: Board addition: Manhattan Associates elected former Salesforce CIO Juan Perez to its board, potentially adding enterprise technology and transformation expertise, but the appointment is unlikely to materially affect near-term earnings. Manhattan Associates elects Juan Perez
• Negative Sentiment: Analyst views remain mixed and valuation is demanding: DA Davidson raised its price target from $210 to $230 but maintained a Neutral rating, leaving its target below the current reference price. The stock also trades at a high earnings multiple, increasing sensitivity to any slowdown in cloud growth or weaker guidance.
• Negative Sentiment: Insider selling is a modest caution: Reported insider activity over the past six months consisted of sales and no purchases, including transactions by the CEO and other executives. This does not necessarily signal deteriorating fundamentals but may weigh on sentiment.

About Manhattan Associates

Manhattan Associates, Inc develops supply chain commerce software for retailers, wholesalers, manufacturers and logistics providers. Its solutions help organizations plan, execute and optimize inventory, warehouse, transportation and omnichannel fulfillment operations.

The company’s product portfolio includes warehouse management, transportation management, order management, inventory optimization, labor management and point-of-sale capabilities. Manhattan Associates also provides tools that support warehouse automation, store fulfillment, distributed order management and customer engagement across digital and physical retail channels.

Founded in 1990 and headquartered in Atlanta, Georgia, Manhattan Associates serves customers across North America, Europe, Asia-Pacific and other international markets.