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

Manhattan Associates (NASDAQ:MANH) had its price objective lowered by equities research analysts at Stifel Nicolaus from $225.00 to $200.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ price target points to a potential upside of 44.59% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Manhattan Associates in a report on Thursday, January 22nd. Rothschild & Co Redburn set a $145.00 target price on Manhattan Associates in a report on Thursday, April 16th. William Blair reiterated an “outperform” rating on shares of Manhattan Associates in a report on Thursday, March 5th. DA Davidson dropped their target price on Manhattan Associates from $240.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Wall Street Zen upgraded Manhattan Associates from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $202.91.

Manhattan Associates Trading Down 3.2%

NASDAQ:MANH opened at $138.32 on Wednesday. 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 has a twelve month low of $119.06 and a twelve month high of $247.22. The firm’s fifty day simple moving average is $136.98 and its 200 day simple moving average is $161.93.

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

Manhattan Associates declared that its board has approved a stock buyback program on Thursday, March 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the software maker to reacquire up to 5.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd lifted 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 acquiring an additional 112 shares in the last quarter. Eastern Bank acquired a new position in shares of Manhattan Associates in the third quarter worth about $30,000. Eagle Bay Advisors LLC acquired a new position in shares of Manhattan Associates in the fourth quarter worth about $27,000. BNP Paribas acquired a new position in shares of Manhattan Associates in the fourth quarter worth about $39,000. Finally, TD Private Client Wealth LLC lifted 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 acquiring an additional 109 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Trending Headlines about Manhattan Associates

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

Manhattan Associates Company Profile

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.