Manhattan Associates Reports Strong Q4 Earnings and 2026 Guidance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5d ago
0mins
Should l Buy MANH?
Source: Benzinga
Manhattan Associates' stock fell 14.10% and hit a 52-week low amid broader market declines, with the Nasdaq-100 down 1.38% and the S&P 500 down 0.72%.
The company reported a strong Q4 earnings performance, exceeding expectations with a non-GAAP EPS of $1.21, which was $0.08 above estimates. Additionally, Manhattan Associates provided optimistic revenue guidance for 2026, projecting total revenue between $1.133 billion and $1.153 billion, reflecting confidence in market demand and growth potential.
Despite the stock's decline, the positive earnings report and strong guidance indicate a solid foundation for future growth, suggesting that the current price drop may present a buying opportunity for investors.
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Analyst Views on MANH
Wall Street analysts forecast MANH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MANH is 224.57 USD with a low forecast of 165.00 USD and a high forecast of 250.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
6 Buy
2 Hold
0 Sell
Strong Buy
Current: 145.070
Low
165.00
Averages
224.57
High
250.00
Current: 145.070
Low
165.00
Averages
224.57
High
250.00
About MANH
Manhattan Associates, Inc. develops, sells, deploys, services and maintains software solutions designed to manage supply chains, inventory and omnichannel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations. It operates in North and Latin America; Europe, the Middle East and Africa (EMEA); and the Asia Pacific (APAC) regions. It provides companies with the tools needed to manage distribution and optimize transportation costs throughout their entire commercial network. Its solutions consist of software, services, and hardware, which coordinate people, workflows, assets, events, and tasks holistically across the functions linked in a supply chain from planning through execution. These solutions help to coordinate the actions, data exchange, and communication of participants in supply chain ecosystems, such as manufacturers, suppliers, distributors, trading partners, transportation providers, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Manhattan Associates Reports Record Q4 2025 Earnings and Cloud Growth
- Cloud Business Innovation: Manhattan Associates achieved record cloud bookings in Q4 2025, with cloud revenue reaching $109 million, a 20% year-over-year increase, indicating a stronger competitive position in the rapidly growing cloud market.
- Strong Financial Performance: The company reported total annual revenue of $1.08 billion, up 4%, with adjusted EPS at $5.06, reflecting sustained growth in revenue and profitability, thereby enhancing investor confidence.
- Organizational Restructuring: The reorganization of the global sales team and the hiring of new executives aim to improve sales efficiency and market responsiveness, a strategic move expected to drive future performance and strengthen competitive advantage.
- Optimistic Outlook: Management targets RPO of $2.62 billion to $2.68 billion for 2026, with cloud revenue projected to grow 21% to $492 million, demonstrating confidence in future growth and the ability to capitalize on market opportunities.
See More
Manhattan Associates Exceeds Q4 Earnings Expectations and Provides Strong 2026 Guidance
- Strong Earnings Report: Manhattan Associates reported a Q4 non-GAAP EPS of $1.21, beating expectations by $0.08, with revenue of $270.39 million reflecting a 5.7% year-over-year increase, indicating robust market performance.
- 2026 Revenue Guidance: The company projects total revenue for 2026 to range between $1.133 billion and $1.153 billion, with a growth rate of 5% to 7%, demonstrating confidence in future growth and positive market demand.
- Improved Operating Margins: Expected GAAP operating margins for 2026 are set between 24.1% and 24.7%, while adjusted operating margins are projected at 34.5% to 35.0%, reflecting ongoing efforts in cost control and efficiency improvements.
- Earnings Per Share Outlook: The company anticipates GAAP EPS for 2026 to be between $3.37 and $3.53, with adjusted EPS ranging from $5.04 to $5.20, showcasing stability in profitability and growth potential.
See More
Manhattan Associates to Announce Q4 Earnings on January 27
- Earnings Announcement Date: Manhattan Associates is set to release its Q4 2023 earnings on January 27 after market close, with consensus EPS estimated at $1.13 (down 3.4% YoY) and revenue expected at $264.69 million (up 3.5% YoY).
- Performance Consistency: Over the past two years, Manhattan Associates has beaten EPS and revenue estimates 100% of the time, demonstrating strong profitability and market confidence.
- Estimate Revision Trends: In the last three months, EPS estimates have seen two upward revisions and one downward revision, while revenue estimates have had one upward revision with no downward adjustments, indicating analysts' optimism about the company's future performance.
- Positive Market Reaction: Following Citi's upgrade of Manhattan Associates to a “Buy” rating, the company's stock price has risen, reflecting market recognition of its growth potential.
See More
Manhattan Associates (MANH) Earnings Transcript
See More
Citi Upgrades Manhattan Associates (MANH) to Buy, Raises Price Target to $208
- Rating Upgrade: Citi upgraded Manhattan Associates from Neutral to Buy and raised the price target from $200 to $208, reflecting optimism about the company's potential to capitalize on the renewal cycle for cloud customers in 2026-2027, which is expected to drive stock price appreciation.
- Cloud Growth Outlook: Analysts project over 20% cloud revenue growth for Manhattan Associates in 2026, primarily driven by renewals from initial cloud customers acquired between 2020 and 2022, with an estimated $230 million in Remaining Performance Obligations enhancing the company's market position.
- Executive Stability: Following the CEO transition in February 2025, analysts expressed positive surprise at the stability of the core executive team, believing this will aid the company in driving sales growth in new product categories, particularly in renewals and cloud conversions.
- Impact of New Leadership: The appointment of new COO Greg Betz aims to build and scale teams focused on renewals and cloud conversions, which is expected to enhance cross-sell capabilities and renewal uplift, thereby improving overall company performance.
See More
D.A. Davidson Sees 50% Upside for Commvault and Other Software Stocks
- Market Recovery Signals: D.A. Davidson analyst Gil Luria notes that as companies overcome fears of AI, market capital is beginning to flow back, which is expected to drive a recovery in the software industry, particularly for infrastructure-related firms.
- Commvault's Optimistic Outlook: Luria predicts that Commvault (CVLT) will see over 50% upside by 2026, with a price target of $220, primarily driven by sustained market momentum and a rebound in margins.
- Other Stocks to Watch: Recommended stocks include Manhattan Associates (MANH), boasting an ROIC over 100% with a price target of $250, and Zeta Global (ZETA), benefiting from the replacement of legacy marketing tech, with a target of $29.
- Shift to Consumption-Based Pricing: Truist Securities' Terry Tillman highlights that as AI adoption increases, the software industry is transitioning to consumption-based pricing, benefiting vendors that can demonstrate daily ROI, with ServiceNow (NOW) having a price target of $781.
See More
Manhattan Associates Reports Record Q4 2025 Earnings and Cloud Growth
- Cloud Business Innovation: Manhattan Associates achieved record cloud bookings in Q4 2025, with cloud revenue reaching $109 million, a 20% year-over-year increase, indicating a stronger competitive position in the rapidly growing cloud market.
- Strong Financial Performance: The company reported total annual revenue of $1.08 billion, up 4%, with adjusted EPS at $5.06, reflecting sustained growth in revenue and profitability, thereby enhancing investor confidence.
- Organizational Restructuring: The reorganization of the global sales team and the hiring of new executives aim to improve sales efficiency and market responsiveness, a strategic move expected to drive future performance and strengthen competitive advantage.
- Optimistic Outlook: Management targets RPO of $2.62 billion to $2.68 billion for 2026, with cloud revenue projected to grow 21% to $492 million, demonstrating confidence in future growth and the ability to capitalize on market opportunities.
See More
Manhattan Associates Exceeds Q4 Earnings Expectations and Provides Strong 2026 Guidance
- Strong Earnings Report: Manhattan Associates reported a Q4 non-GAAP EPS of $1.21, beating expectations by $0.08, with revenue of $270.39 million reflecting a 5.7% year-over-year increase, indicating robust market performance.
- 2026 Revenue Guidance: The company projects total revenue for 2026 to range between $1.133 billion and $1.153 billion, with a growth rate of 5% to 7%, demonstrating confidence in future growth and positive market demand.
- Improved Operating Margins: Expected GAAP operating margins for 2026 are set between 24.1% and 24.7%, while adjusted operating margins are projected at 34.5% to 35.0%, reflecting ongoing efforts in cost control and efficiency improvements.
- Earnings Per Share Outlook: The company anticipates GAAP EPS for 2026 to be between $3.37 and $3.53, with adjusted EPS ranging from $5.04 to $5.20, showcasing stability in profitability and growth potential.
See More
Manhattan Associates to Announce Q4 Earnings on January 27
- Earnings Announcement Date: Manhattan Associates is set to release its Q4 2023 earnings on January 27 after market close, with consensus EPS estimated at $1.13 (down 3.4% YoY) and revenue expected at $264.69 million (up 3.5% YoY).
- Performance Consistency: Over the past two years, Manhattan Associates has beaten EPS and revenue estimates 100% of the time, demonstrating strong profitability and market confidence.
- Estimate Revision Trends: In the last three months, EPS estimates have seen two upward revisions and one downward revision, while revenue estimates have had one upward revision with no downward adjustments, indicating analysts' optimism about the company's future performance.
- Positive Market Reaction: Following Citi's upgrade of Manhattan Associates to a “Buy” rating, the company's stock price has risen, reflecting market recognition of its growth potential.
See More
Manhattan Associates (MANH) Earnings Transcript
See More
Citi Upgrades Manhattan Associates (MANH) to Buy, Raises Price Target to $208
- Rating Upgrade: Citi upgraded Manhattan Associates from Neutral to Buy and raised the price target from $200 to $208, reflecting optimism about the company's potential to capitalize on the renewal cycle for cloud customers in 2026-2027, which is expected to drive stock price appreciation.
- Cloud Growth Outlook: Analysts project over 20% cloud revenue growth for Manhattan Associates in 2026, primarily driven by renewals from initial cloud customers acquired between 2020 and 2022, with an estimated $230 million in Remaining Performance Obligations enhancing the company's market position.
- Executive Stability: Following the CEO transition in February 2025, analysts expressed positive surprise at the stability of the core executive team, believing this will aid the company in driving sales growth in new product categories, particularly in renewals and cloud conversions.
- Impact of New Leadership: The appointment of new COO Greg Betz aims to build and scale teams focused on renewals and cloud conversions, which is expected to enhance cross-sell capabilities and renewal uplift, thereby improving overall company performance.
See More
D.A. Davidson Sees 50% Upside for Commvault and Other Software Stocks
- Market Recovery Signals: D.A. Davidson analyst Gil Luria notes that as companies overcome fears of AI, market capital is beginning to flow back, which is expected to drive a recovery in the software industry, particularly for infrastructure-related firms.
- Commvault's Optimistic Outlook: Luria predicts that Commvault (CVLT) will see over 50% upside by 2026, with a price target of $220, primarily driven by sustained market momentum and a rebound in margins.
- Other Stocks to Watch: Recommended stocks include Manhattan Associates (MANH), boasting an ROIC over 100% with a price target of $250, and Zeta Global (ZETA), benefiting from the replacement of legacy marketing tech, with a target of $29.
- Shift to Consumption-Based Pricing: Truist Securities' Terry Tillman highlights that as AI adoption increases, the software industry is transitioning to consumption-based pricing, benefiting vendors that can demonstrate daily ROI, with ServiceNow (NOW) having a price target of $781.
See More
