Citigroup Has Lowered Expectations for Manhattan Associates (NASDAQ:MANH) Stock Price

Manhattan Associates (NASDAQ:MANH) had its price target cut by investment analysts at Citigroup from $208.00 to $177.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the software maker’s stock. Citigroup’s price objective indicates a potential upside of 27.96% from the company’s current price.

Other research analysts have also issued reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Associates in a research report on Thursday, January 22nd. Barclays dropped their price objective on shares of Manhattan Associates from $237.00 to $236.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. William Blair reiterated an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Truist Financial set a $240.00 price objective on shares of Manhattan Associates in a research note on Thursday, January 15th. Finally, Morgan Stanley dropped their price objective on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Monday, January 5th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $202.91.

Manhattan Associates Stock Performance

NASDAQ MANH opened at $138.32 on Wednesday. Manhattan Associates has a one year low of $119.06 and a one year high of $247.22. The company’s 50 day moving average price is $136.98 and its 200 day moving average price is $161.93. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of 38.75 and a beta of 1.05.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, April 21st. The software maker reported $1.24 EPS for the quarter, beating the consensus estimate of $1.10 by $0.14. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The company had revenue of $282.22 million for the quarter, compared to analyst estimates of $273.71 million. During the same period last year, the company posted $1.19 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. Sell-side analysts forecast that Manhattan Associates will post 3.76 EPS for the current fiscal year.

Manhattan Associates announced that its Board of Directors has initiated a share buyback program on Thursday, March 5th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the software maker to purchase up to 5.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Institutional Trading of Manhattan Associates

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Eagle Bay Advisors LLC bought a new stake in shares of Manhattan Associates in the fourth quarter worth $27,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Manhattan Associates by 448.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock worth $28,000 after buying an additional 112 shares during the last quarter. Eastern Bank bought a new stake in shares of Manhattan Associates in the third quarter worth $30,000. BNP Paribas bought a new stake in shares of Manhattan Associates in the fourth quarter worth $39,000. Finally, TD Private Client Wealth LLC increased its stake in shares of Manhattan Associates by 83.8% in the fourth quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock worth $41,000 after buying an additional 109 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

More Manhattan Associates News

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

• Positive Sentiment: Q1 beat and raised FY‑26 outlook — MANH reported EPS of $1.24 (vs. $1.10 est.) and revenue of $282.2M (vs. $273.7M), and raised FY‑2026 guidance to $5.29–$5.37 EPS and $1.147B–$1.157B revenue, supporting near‑term revenue and profit visibility. Earnings Call Summary
• Positive Sentiment: Cloud momentum & backlog strength highlighted on the earnings call — management emphasized subscription/cloud growth, higher backlog and rising RPO targets (RPO guidance $2.62B–$2.68B), which underpin recurring revenue expectations. Earnings Highlights
• Positive Sentiment: Analyst upgrade/raise — Robert W. Baird raised its target to $186 and kept an outperform rating, signaling continued analyst confidence in growth execution. Baird Raise
• Positive Sentiment: Positive investor commentary and buy‑case thesis — pieces arguing Manhattan’s wide moat and long‑term cloud transition are encouraging buy‑side sentiment for longer‑term holders. Seeking Alpha
• Neutral Sentiment: Momentum headlines and coverage — multiple outlets noted the stock’s post‑earnings pop and Nasdaq momentum; useful for sentiment but duplicative of underlying fundamentals. Kalkine Momentum
• Neutral Sentiment: Additional earnings transcripts and call transcripts are available for deeper diligence if you want management commentary and Q&A context. Earnings Transcript
• Negative Sentiment: Shareholder litigation risk — two law firms (Rosen, Schall) announced investigations into possible fiduciary breaches, which can increase legal risk and create headline volatility. Rosen Law Schall Law
• Negative Sentiment: Analyst price‑target cuts — Citigroup, DA Davidson and Stifel trimmed targets (Citigroup to $177; DA Davidson to $200; Stifel to $200) which can cap near‑term upside and reflect some caution on multiple/valuation. Analyst PT Changes

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.