DA Davidson Forecasts Strong Price Appreciation for Manhattan Associates (NASDAQ:MANH) Stock

Manhattan Associates (NASDAQ:MANH) had its price target raised by DA Davidson from $210.00 to $230.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the software maker’s stock. DA Davidson‘s target price indicates a potential downside of 4.03% from the company’s previous close.

Several other analysts have also issued reports on the company. Stifel Nicolaus increased their target price on Manhattan Associates from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday. UBS Group set a $305.00 price target on Manhattan Associates in a research note 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. Wall Street Zen raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Truist Financial reiterated a “buy” rating and set a $305.00 price objective (up from $240.00) on shares of Manhattan Associates in a research note on Wednesday. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $254.89.

Manhattan Associates Price Performance

NASDAQ:MANH traded up $5.68 during trading hours on Wednesday, reaching $239.66. 1,026,643 shares of the company were exchanged, compared to its average volume of 750,808. The company has a market capitalization of $13.97 billion, a P/E ratio of 68.44 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 of $214.32 and a 200 day moving average of $165.66.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, October 27th. The software maker reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.09. The firm had revenue of $306.19 million for the quarter, compared to analyst estimates of $297.01 million. Manhattan Associates had a return on equity of 86.72% and a net margin of 18.67%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $1.36 EPS. As a group, equities research analysts anticipate that Manhattan Associates will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Manhattan Associates

In other news, EVP James Gantt sold 5,139 shares of the business’s 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 owned 55,676 shares of the company’s stock, valued at approximately $10,886,328.28. The trade was a 8.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eric Clark sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $197.76, for a total value of $593,280.00. Following the sale, the chief executive officer owned 89,638 shares of the company’s stock, valued at approximately $17,726,810.88. This represents a 3.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.84% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. NBH Bank acquired a new position in Manhattan Associates during the second quarter worth about $37,000. Versant Capital Management Inc boosted its stake in shares of Manhattan Associates by 508.9% in the 2nd quarter. Versant Capital Management Inc now owns 274 shares of the software maker’s stock valued at $38,000 after purchasing an additional 229 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in shares of Manhattan Associates by 35.9% during the 1st quarter. V Square Quantitative Management LLC now owns 348 shares of the software maker’s stock valued at $46,000 after purchasing an additional 92 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Manhattan Associates during the 2nd quarter valued at approximately $62,000. Finally, Harbor Investment Advisory LLC acquired a new position in Manhattan Associates during the 2nd quarter worth approximately $64,000. Institutional investors and hedge funds 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 earnings and revenue exceeded expectations. Adjusted EPS was $1.55 versus the $1.46 consensus, while revenue rose 11% year over year to $306.2 million, ahead of the $297.0 million estimate. Manhattan Associates Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management raised its full-year 2026 outlook. Revenue guidance increased to approximately $1.176 billion-$1.178 billion from $1.160 billion-$1.166 billion, while adjusted EPS guidance rose to $5.54-$5.56 from $5.44-$5.50. Manhattan Associates Provides 2026 Earnings Guidance
• Positive Sentiment: Cloud demand and future revenue visibility remain strong. Cloud subscription revenue grew 28% to $134.4 million, and remaining performance obligations reached about $2.59 billion. Management also outlined roughly 21% growth in 2026 RPO, supporting expectations for durable subscription expansion. Manhattan Associates Raises 2026 Outlook and RPO Growth Forecast
• Positive Sentiment: Analyst conviction improved. Truist Financial reaffirmed its “buy” rating and lifted its price target to $305 from $240, indicating substantial potential upside based on its revised outlook. Truist Financial Rating
• Positive Sentiment: Investors also responded favorably to reports that AI pilots are converting into customer deployments and that new platform tiers could expand Manhattan Associates’ addressable market. Manhattan Associates Long-Term Investor Takeaways
• Neutral Sentiment: Manhattan Associates elected former Salesforce CIO Juan Perez to its board, adding enterprise technology experience but providing limited near-term financial impact. Manhattan Associates Elects Juan Perez
• Negative Sentiment: Recent insider activity has consisted of stock sales rather than purchases, including sales by the CEO and other executives. This may modestly temper sentiment, although it does not offset the stronger earnings and outlook catalysts.

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.