Manhattan Associates (NASDAQ:MANH) Stock Price Target Raised at Citigroup

Key Points

• Citigroup raised Manhattan Associates’ price target to $280 from $260 while maintaining a Buy rating, implying 16.63% upside from the prior close. Truist also raised its target to $305, while the overall analyst consensus remains Moderate Buy with a $257.11 target.
• Manhattan Associates reported better-than-expected quarterly results, with EPS of $1.55 versus $1.46 expected and revenue of $306.2 million, up 11% year over year. Cloud subscription revenue rose 28%, and the company raised its 2026 revenue and adjusted EPS guidance.
• Shares rose 2.6% to $240.07, but the stock’s elevated valuation and recent insider selling present potential risks. DA Davidson maintained a Neutral rating, and the company trades at roughly 69 times earnings.

Manhattan Associates (NASDAQ:MANH - Get Free Report) had its price target lifted by Citigroup from $260.00 to $280.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the software maker's stock. Citigroup's target price points to a potential upside of 16.63% from the stock's previous close.

Other equities research analysts have also recently issued reports about the stock. Truist Financial reissued a "buy" rating and issued a $305.00 target price (up from $240.00) on shares of Manhattan Associates in a research report on Wednesday. DA Davidson boosted their target price on shares of Manhattan Associates from $210.00 to $230.00 and gave the company a "neutral" rating in a report on Wednesday. Weiss Ratings raised shares of Manhattan Associates from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, October 2nd. Morgan Stanley raised shares of Manhattan Associates from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $180.00 to $250.00 in a research note on Monday, October 12th. Finally, Wall Street Zen upgraded shares of Manhattan Associates from a "hold" rating to a "buy" rating in a report on Saturday. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $257.11.

Manhattan Associates Stock Up 2.6%

Shares of NASDAQ:MANH traded up $6.09 during midday trading on Wednesday, reaching $240.07. The company's stock had a trading volume of 1,333,470 shares, compared to its average volume of 751,857. The firm has a market cap of $14.00 billion, a price-to-earnings ratio of 68.79 and a beta of 0.95. Manhattan Associates has a 1 year low of $119.06 and a 1 year high of $254.00. The business has a 50 day moving average price of $214.32 and a 200 day moving average price of $165.66.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last released its earnings results on Tuesday, October 27th. The software maker reported $1.55 earnings per share for the quarter, topping 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 firm had revenue of $306.19 million for the quarter, compared to the consensus estimate of $297.01 million. During the same period in the prior year, the business posted $1.36 earnings per share. The firm's revenue for the quarter was up 11.0% compared to the same quarter last year. Sell-side analysts anticipate that Manhattan Associates will post 3.87 earnings per share for the current fiscal year.

Insider Transactions at Manhattan Associates

In other news, CEO Eric Clark sold 3,000 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $197.76, for a total value 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 position. The transaction 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 dated Thursday, July 30th. The shares were sold at an average price of $195.53, for a total value of $1,004,828.67. Following the completion of the transaction, the executive vice president directly owned 55,676 shares in the company, valued at $10,886,328.28. This represents a 8.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.84% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Parcion Private Wealth LLC purchased a new stake in Manhattan Associates during the 3rd quarter worth $250,000. Soltis Investment Advisors LLC acquired a new position in Manhattan Associates in the 3rd quarter worth $282,000. D.A. Davidson & CO. lifted its holdings in Manhattan Associates by 6.5% in the 3rd quarter. D.A. Davidson & CO. now owns 1,728 shares of the software maker's stock worth $343,000 after buying an additional 106 shares in the last quarter. Motley Fool Asset Management LLC boosted its position in Manhattan Associates by 8.6% in the 3rd quarter. Motley Fool Asset Management LLC now owns 1,953 shares of the software maker's stock valued at $388,000 after buying an additional 155 shares during the last quarter. Finally, VestGen Advisors LLC purchased a new position in Manhattan Associates in the 3rd quarter valued at about $227,000. Hedge funds and other institutional investors own 98.45% of the company's stock.

Key Manhattan Associates News

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.

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