Manhattan Associates Inc's stock fell by 6.15% as it crossed below the 5-day SMA, despite the broader market's gains with the Nasdaq-100 up 0.97% and the S&P 500 up 0.48%.
The company is set to announce its Q4 2023 earnings on January 27, with consensus EPS estimated at $1.13, reflecting a 3.4% decline year-over-year. Despite this, Manhattan Associates has consistently beaten EPS and revenue estimates in the past two years, showcasing strong profitability. Additionally, recent analyst revisions indicate optimism, with Citi upgrading the stock to a 'Buy' rating, which has positively influenced market sentiment.
The upcoming earnings report is crucial for Manhattan Associates, as it will provide insights into the company's performance and future outlook, especially in light of the recent analyst upgrade.
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
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.
6 Buy
2 Hold
0 Sell
Strong Buy
Current: 161.140
Low
165.00
Averages
224.57
High
250.00
Current: 161.140
Low
165.00
Averages
224.57
High
250.00
DA Davidson
Buy
downgrade
$250 -> $240
2026-01-28
New
Reason
DA Davidson
Price Target
$250 -> $240
AI Analysis
2026-01-28
New
downgrade
Buy
Reason
DA Davidson lowered the firm's price target on Manhattan Associates to $240 from $250 and keeps a Buy rating on the shares. The company reported strong Q4 results, highlighted by better than expected total y/y RPO growth, though the management gave a conservative FY26 guide that implies a reacceleration of total revenue growth from 3% to 6%, the analyst tells investors in a research note. DA Davidson maintains that Manhattan Associates is in an opportune position to monetize its domain expertise in warehouse management.
Truist
Buy
maintain
$230 -> $240
2026-01-05
Reason
Truist
Price Target
$230 -> $240
2026-01-05
maintain
Buy
Reason
Truist raised the firm's price target on Manhattan Associates to $240 from $230 and keeps a Buy rating on the shares. Seasonally strong demand and bookings are expected across coverage, including Manhattan Associates, with stronger large transformation deal activity anticipated in Q4 and Q1, the analyst tells investors in a research note. Confidence is increasing that a diverse set of growth drivers will begin contributing as early as 2H26 and more fully in 2027, supporting sustained cloud subscription revenue growth, the firm says.
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Morgan Stanley
Equal Weight
downgrade
$200 -> $165
2026-01-05
Reason
Morgan Stanley
Price Target
$200 -> $165
2026-01-05
downgrade
Equal Weight
Reason
Morgan Stanley lowered the firm's price target on Manhattan Associates to $165 from $200 and keeps an Equal Weight rating on the shares. The firm expects year-over-year RPO growth to decelerate to the high-teens in FY26, which it views as likely to disappoint "high investor expectations." The firm cites two "underappreciated headwinds," namely drainage as contracts approach renewal and a weaker OMS renewal cohort.
Barclays
Overweight
downgrade
$244 -> $239
2025-11-13
Reason
Barclays
Price Target
$244 -> $239
2025-11-13
downgrade
Overweight
Reason
Barclays lowered the firm's price target on Manhattan Associates to $239 from $244 and keeps an Overweight rating on the shares. The firm updated the company's model post the Q3 report.
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.
