NASDAQ: MANH

Manhattan Associates (MANH) Stock Analysis & Forecast

Sep 28 close

$201.88−4.15 (−2.0%)

Gekko Brief

AI summary

This week's news mix for Manhattan Associates centers on a DA Davidson downgrade to neutral with a $210.00 target price, alongside an ongoing Rosen Law Firm investigation into potential breaches of fiduciary duty by the company's directors and officers. Separately, the company announced "Editions" for its Manhattan Active solutions, including ActiveWarehouse, ActiveTransportation, ActiveStore and ActiveOrder, aimed at making its supply chain and omnichannel commerce offerings accessible at different stages of growth. Sell-side analysts have also given the stock a "Moderate Buy" rating following quarterly results that exceeded expectations, with $1.39 EPS and $297.79 million in revenue.

MANH closed at $201.88, down 2% on the day, though still above both its 50-day average of $199.04 and 200-day average of $160.64. The stock has climbed 46.2% over three months and 58.5% over six months, but has pulled back 9.8% over the past month. The GekkoIndex reads 61, placing it in the Accumulation zone, while price sits 19.2% above Gekko Fair Value of $169.42.

Manhattan Associates next reports earnings on 27 October 2026 after close, 28 days out and within a typical 20-trading-day holding window; its last reaction to earnings was 6.8%, with an average absolute move of 9.6% across recent reports. No insider, Congress or unusual options activity appears in their respective windows. Seasonality over the past 5 years shows the next 20 trading days averaging -1.9%, positive in just 1 of those years. Analyst consensus stands at 7 buy and 2 hold ratings among 9 firms, with a consensus target of $220.70.

Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.

Manhattan Associates price vs fair value

$201.88$169.42Sep ’25Mar ’26Sep ’26
Close $201.88200-day averageGekko Fair Value $169.42

Manhattan Associates quick facts

Market cap
$11.77B
P/E ratio
60.1
Forward P/E
40.3
EPS, TTM
$3.49
Revenue, TTM
$1.13B
Profit margin
18.7%
Dividend yield
—
Beta
0.95
Volume
661,116 avg 625,607
1-year return
−3.7%
Typical daily move
±3.3%
Typical 20-day move
±6.2%
50-day average
$199.04
200-day average
$160.64
Next earnings
Oct 27 after close
Shares outstanding
58.31M
52-week range
$119.06$227.03

Manhattan Associates swing-trade checklist

Manhattan Associates scores 2 supportive, 0 mixed and 3 headwinds across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

2 supportive0 mixed3 headwinds

  • Trendsupportive

    Above 50 and 200-day

    Close $201.88 is above the 50-day ($199.04) and 200-day ($160.64) averages, and the 50-day is above the 200-day.

    See the chart
  • GekkoIndexsupportive

    61, Accumulation

    Reading 61 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valueheadwind

    19.2% above

    Price is 19.2% above Gekko Fair Value (more than 5% above).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings riskheadwind

    Reports in 28 days

    Reports on Oct 27, 2026, 28 days away — inside a typical 20-trading-day hold.

    See earnings
  • Seasonalityheadwind

    −1.9% on average

    From this point in the calendar, the next 20 trading days averaged −1.9% over 5 years, rising in 1 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Manhattan Associates stock chart and price history

Manhattan Associates closed at $201.88 on Sep 28, 2026, −3.7% over the past year, inside a 52-week range of $119.06 to $227.03.

Close50-day average200-day averageVolume
Manhattan Associates share price, past year, with 50-day and 200-day moving averages and volume$120$140$160$180$220NovDecJan 2026FebMarAprMayJunJulAugSep201.88

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−9.8%
3 months
+46.2%
6 months
+58.5%
1 year
−3.7%
The full MANH chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open MANH in Gekko

Follow Manhattan Associates through every session

Put MANH on a Gekko watchlist and see its GekkoIndex, Gekko Fair Value and smart money signals update on the chart as they change.

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About Manhattan Associates

Manhattan Associates builds software that helps businesses run their supply chains, track inventory, and coordinate sales across multiple channels. Its lineup includes Manhattan SCALE, a set of tools for warehouse management, transportation execution, yard operations, and trading partner coordination, along with Manhattan Active, which ties together enterprise and in-store omni-channel functions. The company also produces tools focused specifically on inventory planning, optimization, and allocation.

Beyond its software, the company provides maintenance, implementation consulting, training, and change management to support customers using its systems, and it resells related hardware like RF terminals, RFID readers, and barcode scanners. It reaches customers through its own sales force as well as through partner arrangements, working with organizations in grocery, food and beverage, manufacturing, pharmaceuticals, retail, wholesale, and third-party logistics. Its customer base extends across the Americas, Europe, the Middle East, Africa, and Asia Pacific.

Manhattan Associates was founded in 1990 and is headquartered in Atlanta, Georgia. Its shares are listed on the NASDAQ under the ticker MANH.

Listed
NASDAQ
Sector
Technology services
Industry
Packaged software
Website
manh.com

Manhattan Associates GekkoIndex: the smart money zone

Manhattan Associates’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 61, in the Accumulation zone, up 5.2 points over five sessions.

010061Accumulation

Up 5.2 points over five sessions, from the Neutral zone.

Reading for Sep 28, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying43−1.1%−2.3%−1.6%−1.0%
Accumulation (current zone)223+0.3%+0.2%−1.7%−1.2%
Neutral362+0.3%+0.6%+1.5%+1.9%
Distribution39−0.8%−0.6%+3.2%−4.2%
Selling5Too few readings yet

Average MANH share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the MANH price, zone by zone.Track MANH in Gekko

Is Manhattan Associates stock overvalued? Gekko Fair Value

Manhattan Associates trades 19.2% above Gekko Fair Value of $169.42, so the shares are overvalued on Gekko’s estimate.

Gekko’s own estimate of what Manhattan Associates shares are worth, recalculated every trading day.

$169.42

Gekko Fair Value, Sep 26, 2026

19.2% Overvalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open MANH in Gekko

Manhattan Associates insider and Congress trading

No open-market insider purchases were filed for Manhattan Associates, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for MANH in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every MANH insider filing, plotted on the chart in Gekko.Open MANH in Gekko

Congress trades last 90 days

No trades in MANH were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for MANH, plotted on the chart in Gekko.Open MANH in Gekko

Buybacks

Manhattan Associates has been buying back its own shares.

Bought back, quarter ended Jun 30, 2026
$127.1M
As a share of market cap
1.08%
Trailing four quarters
$435.0M

From company filings.

Hedge funds and billionaires quarter ended Jun 30

1of the funds Gekko tracks holds MANH.

1added0opened0trimmed0sold out
Which funds are on each side, name by name.Unlock in Gekko

Manhattan Associates earnings: next date and track record

Manhattan Associates reports on Oct 27, 2026, after the close (28 days away), and beat the EPS estimate in 8 of its last 8 reports.

8 of 8reports beat the EPS estimate
±9.6%average move across the report
4 of 8reports followed by a gain

Share-price move across each report

+11.0%Jul ’24−8.2%Oct ’24−22.7%Jan ’25+7.1%Apr ’25+9.0%Jul ’25−2.7%Oct ’25−9.1%Jan ’26+6.8%Apr ’26

Last earnings call, Apr 21, 2026 AI summary

What they said
Manhattan Associates reported record Q1 2026 results with cloud revenue growing 24% and RPO increasing 24% to $2.35 billion. Over 55% of new cloud bookings came from net new logos, with win rates consistently above 70%. Services revenue showed steady improvement. Active Agent AI pilot program exceeded expectations with paying customers across multiple verticals. The company raised its full year 2026 outlook on strong bookings momentum.
Guidance
Management raised full year 2026 guidance following the strong Q1 beat. The company expects continued acceleration in ramped ARR and cloud revenue growth, supported by improved go-to-market effectiveness and selling velocity investments beginning to yield results.
ReportedEPSSurpriseRevenueSurpriseMove
Apr 21, 2026$1.24
est $1.23
+0.8%$282.2M
est $273.7M
+3.1%+6.8%
Jan 27, 2026$1.21
est $1.13
+7.1%$270.4M
est $264.7M
+2.1%−9.1%
Oct 21, 2025$1.36
est $1.19
+14.3%$275.8M
est $271.8M
+1.5%−2.7%
Jul 22, 2025$1.31
est $1.13
+15.9%$272.4M
est $263.7M
+3.3%+9.0%
Apr 22, 2025$1.19
est $1.03
+15.5%$262.8M
est $256.5M
+2.4%+7.1%
Jan 28, 2025$1.17
est $1.06
+10.4%$255.8M
est $253.1M
+1.1%−22.7%
Oct 22, 2024$1.35
est $1.06
+27.4%$266.7M
est $262.9M
+1.4%−8.2%
Jul 23, 2024$1.18
est $0.96
+23.3%$265.3M
est $255.8M
+3.7%+11.0%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Manhattan Associates stock forecast and analyst price targets

Analysts’ average 12-month price target for Manhattan Associates is $220.70, +9.3% from the last close, from 9 firms rating the stock in the last 90 days.

$220.70consensus 12-month target, +9.3% from the last close
Low $180High $260
Buy7
Hold2
Sell0

Each firm’s latest rating in the last 90 days: 9 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 28D.A. DavidsonHold, downgraded$210+4.0%
Sep 25D.A. DavidsonHold, downgraded$210+4.0%
Sep 8BarclaysBuy, maintained$239+18.4%
Aug 26Robert W. BairdBuy, maintained$260+28.8%
Aug 18BarclaysBuy, maintained$201−0.4%
−1.7%average 20-day move after past Accumulation readings
−1.9%average move over the next 20 trading days in the last 5 years
±3.3%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Manhattan Associates seasonality: the next 20 trading days

Over the next 20 trading days from Sep 29, Manhattan Associates averaged −1.9% across the last 5 years, rising in 1 of them.

Next 20 trading days, by year

+17.5%2021−11.5%2022−4.6%2023−2.1%2024−9.4%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+1.6%4 of 5
Next 10 trading days+0.1%3 of 5
Next 15 trading days+0.7%2 of 5
Next 20 trading days−1.9%1 of 5
Next 30 trading days−0.7%3 of 5

For scale, MANH’s typical 20-trading-day move in either direction is about 6.2%.

Manhattan Associates market cap and key statistics

Manhattan Associates’s market cap is $11.77B, with a P/E ratio of 60.1 and revenue of $1.13B over the last twelve months.

Valuation

Market cap
$11.77B
P/E ratio
60.1
Forward P/E
40.3
EPS, TTM
$3.49
Gekko Fair Value
$169.42

Trading

Volume
661,116
Avg volume, 20 days
625,607
52-week high
$227.03
52-week low
$119.06
Shares outstanding
58.31M

Financials

Revenue, TTM
$1.13B
Profit margin
18.7%
Return on equity
96.4%
Quarterly earnings growth, YoY
−8.6%

Risk and income

Beta
0.95
Typical daily move
±3.3%
Typical 20-day move
±6.2%

Manhattan Associates peers

Manhattan Associates’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
MSFTMicrosoft+0.7%Neutral17.3% above
PLTRPalantir Technologies+0.7%Neutral15.7% above
ORCLOracle−0.1%Accumulation25.9% below
PANWPalo Alto Networks+5.8%Neutral16.1% above
CRWDCrowdStrike+4.2%Neutral27.2% above
CRMSalesforce+1.0%Neutral5.9% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Manhattan Associates stock FAQ

What is Manhattan Associates’s market cap?

Manhattan Associates’s market cap is $11.77B at the Sep 28, 2026 close of $201.88, with 58.31M shares outstanding. The shares trade on a P/E ratio of 60.1.

What is the Manhattan Associates stock forecast?

The consensus analyst 12-month price target for Manhattan Associates is $220.70, +9.3% from the last close. Of the 9 firms that rated the stock in the last 90 days, 7 rate it a buy, 2 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is Manhattan Associates stock overvalued or undervalued?

On Gekko’s estimate Manhattan Associates is overvalued: the Sep 28, 2026 close of $201.88 is 19.2% above Gekko Fair Value of $169.42. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Manhattan Associates report earnings next?

Manhattan Associates is expected to report on Oct 27, 2026, after the market closes (28 days away). Analysts expect earnings of $1.46 per share on revenue of $297.0M. Manhattan Associates beat the earnings estimate in 8 of its last 8 reports, moving 9.6% on average across the report.

What is Manhattan Associates’s 52-week high and low?

Manhattan Associates’s 52-week high is $227.03 and its 52-week low is $119.06; it closed at $201.88 on Sep 28, 2026, −3.7% over the past year. Over the last five years the shares peaked at $312.60 on Dec 12, 2024.

Is Manhattan Associates stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 2 of the 5 items with data read as supportive (trend and gekkoindex) and 3 as headwinds (fair value, earnings risk and seasonality). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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