Manhattan Associates (NASDAQ:MANH) Given New $177.00 Price Target at Citigroup

Manhattan Associates (NASDAQ:MANH) had its price objective lowered by investment analysts at Citigroup from $208.00 to $177.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. Citigroup’s price target indicates a potential upside of 24.21% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. DA Davidson cut their target price on Manhattan Associates from $240.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday. Rothschild & Co Redburn set a $145.00 target price on Manhattan Associates in a research note on Thursday, April 16th. Robert W. Baird increased their target price on Manhattan Associates from $183.00 to $186.00 and gave the stock an “outperform” rating in a research note on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Associates in a research note on Thursday, January 22nd. Finally, Truist Financial set a $240.00 target price on Manhattan Associates in a research note on Thursday, January 15th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $202.64.

Manhattan Associates Price Performance

MANH stock traded up $7.62 during midday trading on Wednesday, hitting $142.51. The stock had a trading volume of 769,585 shares, compared to its average volume of 789,498. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 39.42 and a beta of 1.05. The business has a 50-day moving average of $136.96 and a two-hundred day moving average of $162.23. Manhattan Associates has a 52-week low of $119.06 and a 52-week high of $247.22.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.14. Manhattan Associates had a return on equity of 75.61% and a net margin of 20.34%.The company had revenue of $282.22 million for the quarter, compared to analysts’ expectations of $273.71 million. During the same period in the prior year, the firm earned $1.19 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. Research analysts predict that Manhattan Associates will post 3.76 earnings per share for the current year.

Manhattan Associates declared that its Board of Directors has initiated a share repurchase plan 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 plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Eagle Bay Advisors LLC bought a new position in shares of Manhattan Associates during the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Manhattan Associates by 448.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after purchasing an additional 112 shares in the last quarter. Eastern Bank bought a new position in shares of Manhattan Associates during the third quarter valued at $30,000. BNP Paribas bought a new position in shares of Manhattan Associates during the fourth quarter valued at $39,000. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Manhattan Associates by 83.8% during the fourth quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock valued at $41,000 after purchasing an additional 109 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

More Manhattan Associates News

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

• Positive Sentiment: Q1 results beat consensus — revenue $282.2M (up 7.4% YoY) and EPS $1.24 vs. street ~$1.10; company raised FY2026 guidance to $5.29–$5.37 EPS and revenue guidance to roughly $1.147B–$1.157B, citing strong cloud growth and backlog. Manhattan Associates Reports First Quarter Results
• Positive Sentiment: Robert W. Baird raised its price target to $186 and reiterated an “outperform” rating, providing additional analyst support for upside. Baird Price Target Note
• Neutral Sentiment: DA Davidson and Stifel cut their price targets (DA Davidson: $240→$200; Stifel: $225→$200) but kept “buy” ratings — still signaling material upside from current levels despite the trims. Analyst Price Target Adjustments
• Neutral Sentiment: Full earnings materials and transcripts are available (call highlights emphasize cloud revenue and RPO targets), useful for investors evaluating whether cloud growth can sustain the upgraded outlook. Earnings Call Highlights / Transcript
• Negative Sentiment: The Schall Law Firm launched a shareholder investigation into potential breaches of fiduciary duty by Manhattan’s board/management, introducing litigation and governance risk that could pressure sentiment. Schall Law Firm Investigation Notice
• Negative Sentiment: Third‑party summaries flagged mixed underlying metrics: while revenue and cash flow improved, net income showed pressure and a recent insider sale was disclosed — items investors may watch for margin and governance implications. Third‑party Financial Summary

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.