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

Manhattan Associates (NASDAQ:MANH) had its price objective dropped by equities research analysts at DA Davidson from $250.00 to $240.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. DA Davidson’s target price indicates a potential upside of 54.07% from the stock’s previous close.

Other analysts have also issued reports about the stock. Morgan Stanley reduced their price objective on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a research note on Monday, January 5th. UBS Group set a $240.00 price target on shares of Manhattan Associates in a research report on Wednesday, October 22nd. Stifel Nicolaus lowered their price objective on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Citigroup raised Manhattan Associates from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $200.00 to $208.00 in a report on Thursday, January 15th. Finally, Barclays lowered their price target on Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $218.75.

Manhattan Associates Stock Down 3.3%

Manhattan Associates stock opened at $155.77 on Wednesday. Manhattan Associates has a twelve month low of $140.81 and a twelve month high of $247.22. The company has a market capitalization of $9.39 billion, a P/E ratio of 43.27 and a beta of 1.02. The stock’s 50 day moving average is $173.39 and its 200 day moving average is $192.95.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, topping the consensus estimate of $1.11 by $0.10. Manhattan Associates had a return on equity of 75.61% and a net margin of 20.34%.The business had revenue of $270.39 million for the quarter, compared to the consensus estimate of $264.69 million. During the same period in the previous year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. As a group, equities analysts expect that Manhattan Associates will post 3.3 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Capital Fund Management S.A. increased its holdings in Manhattan Associates by 45.4% in the 2nd quarter. Capital Fund Management S.A. now owns 127,059 shares of the software maker’s stock valued at $25,090,000 after acquiring an additional 39,699 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in shares of Manhattan Associates by 4.7% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 143,600 shares of the software maker’s stock valued at $29,435,000 after purchasing an additional 6,500 shares in the last quarter. Abacus FCF Advisors LLC increased its holdings in shares of Manhattan Associates by 33.0% in the third quarter. Abacus FCF Advisors LLC now owns 44,475 shares of the software maker’s stock worth $9,116,000 after purchasing an additional 11,043 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Manhattan Associates by 11.8% in the third quarter. Cerity Partners LLC now owns 99,820 shares of the software maker’s stock worth $20,461,000 after buying an additional 10,526 shares in the last quarter. Finally, Caxton Associates LLP bought a new position in Manhattan Associates during the second quarter valued at approximately $3,339,000. Institutional investors own 98.45% of the company’s stock.

Key Manhattan Associates News

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

• Positive Sentiment: Q4 results beat and management raised FY‑2026 guidance — Q4 revenue and EPS topped estimates and the company set FY2026 EPS guidance of $5.04–$5.20, which is above consensus; that drove earlier buying. Manhattan Associates shares rise as Q4 results beat, guidance strong
• Positive Sentiment: Management is pushing cloud and AI revenue expansion — the firm is targeting ~21% cloud revenue growth and $2.6B–$2.68B RPO for 2026 as services and AI ramp, supporting longer‑term subscription and services upside. Manhattan Associates targets 21% cloud revenue growth and $2.6B–$2.68B RPO
• Positive Sentiment: Analysts and research commentary remain constructive — firms like William Blair have reiterated buy ratings, highlighting robust subscription growth and AI upside as supportive of the bull case. Manhattan Associates: Robust Subscription Growth… continued Buy Rating
• Neutral Sentiment: DA Davidson trimmed its price target from $250 to $240 but kept a Buy rating — a slight moderation in upside expectations, not a change to the bullish stance. Benzinga (DA Davidson PT change)
• Neutral Sentiment: Earnings‑call detail and transcripts are available for deeper inspection of margins, services mix and AI commentary — useful for investors assessing whether growth and profitability trends are sustainable. Manhattan Associates Q4 Earnings Call Highlights
• Neutral Sentiment: Coverage and trade‑flow writeups (news roundups) show the stock among recent movers — helpful context but not decisive by itself. Stocks making big moves yesterday
• Negative Sentiment: Short interest jumped ~23% in January (to ~2.29M shares) — higher short activity raises the risk of downward pressure and adds volatility. Manhattan Associates: Q4 Earnings Snapshot (short interest note)
• Negative Sentiment: Headline coverage says shares are sliding today — outlets point to post‑earnings profit‑taking, valuation concerns (MANH trades at a premium P/E) and the factors above as causes of the pullback. Why Manhattan Associates (MANH) Shares Are Sliding Today

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.