DA Davidson Cuts Manhattan Associates (NASDAQ:MANH) Price Target to $240.00

Manhattan Associates (NASDAQ:MANH) had its price objective reduced by DA Davidson from $250.00 to $240.00 in a research note issued to investors on Wednesday,Benzinga reports. DA Davidson currently has a buy rating on the software maker’s stock.

Several other equities research analysts also recently issued reports on MANH. Citigroup raised Manhattan Associates from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $200.00 to $208.00 in a research note on Thursday, January 15th. Stifel Nicolaus reduced their price target on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. UBS Group set a $240.00 price objective on shares of Manhattan Associates in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Manhattan Associates in a research note on Thursday, January 22nd. Finally, Barclays decreased their target price on shares of Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Manhattan Associates currently has a consensus rating of “Moderate Buy” and an average price target of $218.75.

Manhattan Associates Stock Performance

Manhattan Associates stock opened at $151.01 on Wednesday. Manhattan Associates has a 52 week low of $140.81 and a 52 week high of $247.22. The firm has a market capitalization of $9.10 billion, a price-to-earnings ratio of 41.95 and a beta of 1.02. The company has a 50 day moving average price of $173.00 and a 200 day moving average price of $192.62.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, January 27th. The software maker reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.10. The company had revenue of $270.39 million during the quarter, compared to analyst estimates of $264.69 million. Manhattan Associates had a return on equity of 75.61% and a net margin of 20.34%.The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. Equities analysts forecast that Manhattan Associates will post 3.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Manhattan Associates by 72.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock valued at $2,124,000 after purchasing an additional 5,128 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Manhattan Associates by 9.1% during the first quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock worth $86,532,000 after buying an additional 41,571 shares during the last quarter. Empowered Funds LLC bought a new position in Manhattan Associates during the first quarter valued at about $987,000. Focus Partners Wealth lifted its position in shares of Manhattan Associates by 181.4% in the first quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock worth $415,000 after buying an additional 1,547 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Manhattan Associates in the second quarter worth about $446,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates News Roundup

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

• Positive Sentiment: Q4 results beat consensus and drove an initial gap up: Manhattan reported stronger-than-expected EPS and revenue, and management reiterated a cloud/AI growth thesis that spurred the immediate rally. Article Title
• Positive Sentiment: Truist Financial initiated/maintained a Buy rating, providing fresh analyst support that underpins the bull case on MANH’s cloud transition. Article Title
• Positive Sentiment: Stifel Nicolaus reiterated its Buy rating, reinforcing analyst conviction in the company’s growth runway. Article Title
• Neutral Sentiment: Company outlined targets for 2026 — ~21% cloud revenue growth and $2.6B–$2.68B in RPO — signaling strong long-term ambition but leaving near-term execution and margin impacts for investors to monitor. Article Title
• Neutral Sentiment: Analyst and market write-ups emphasize Manhattan’s strategic pivot into cloud and AI (earnings call highlights and commentary), which is positive long term but may introduce short-term variability. Article Title
• Negative Sentiment: DA Davidson lowered its expectations/price target for MANH, a sign that some sell‑side desks are reassessing near-term upside and valuation after management commentary and results. Article Title
• Negative Sentiment: Despite the beat, the stock later pulled back — coverage and market pieces point to profit-taking and investor concern about near-term cadence and assumptions underlying the 2026 targets. Article Title
• Neutral Sentiment: Comparative pieces weighing MANH versus peers (Agilysys, Q2 Holdings) provide investor context but are less likely to move the stock immediately. Article Title

About Manhattan Associates

Manhattan Associates, Inc (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.

Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.