NASDAQ:MANH

Track all markets on TradingView - Prices are not updated in real time
Manhattan Associates Stock Soars 26% as Analysts Raise Price Targets Following Strong Earnings

Manhattan Associates (NASDAQ: MANH) shares surged 26.4% on Wednesday after the supply chain software company delivered a strong earnings report, prompting several Wall Street firms to raise their price targets.

Robert W. Baird increased its price target to **$218 from $186** while maintaining its **Outperform** rating, signaling continued confidence in the company's long-term growth prospects following the earnings release.

Meanwhile, Morgan Stanley initiated or updated coverage with a **$180** price target, while Stifel set a **$225** target, reflecting generally positive sentiment across the analyst community despite differing valuation views.

The multiple target revisions follow a sharp rally in Manhattan Associates shares after the company reported stronger-than-expected financial results and reinforced investor confidence in demand for its cloud-based warehouse management, transportation management, and supply chain software solutions.

Although Morgan Stanley's $180 target sits below the current share price, Stifel's $225 target and Baird's upgraded $218 target imply analysts continue to see further upside following the earnings-driven rally.

The positive analyst reaction reinforces the view that Manhattan Associates remains one of the strongest software companies benefiting from continued enterprise investment in supply chain digitization, warehouse automation, and AI-enabled logistics. Investors appear encouraged that the company's earnings momentum and recurring cloud revenue growth continue to support its premium valuation.
💬
Author
The Investor 07-29-26
Manhattan Associates reported solid fourth-quarter 2025 results, with revenue rising to $270.4 million from $255.8 million a year earlier, driven by strong cloud demand. Cloud subscription revenue jumped 20% year over year to $108.6 million, while RPO bookings increased 25%, marking a record quarter for cloud bookings.

GAAP diluted EPS increased to $0.86 from $0.77, while adjusted EPS rose to $1.21 from $1.17. Operating income and cash flow also strengthened, with operating cash flow reaching $147.0 million in the quarter. For full-year 2025, revenue grew to $1.08 billion, cloud subscription revenue climbed to $408.1 million, and adjusted EPS rose to $5.06. The company ended the year with $328.7 million in cash and continued its share buyback program, repurchasing $274.5 million of stock during 2025 and renewing a $100 million authorization in January 2026.
💬
Author
The Investor 01-28-26
Manhattan Associates Announces Amendment to Executive Vice-Chairman Employment Agreement
Atlanta, GA – March 5, 2025 – Manhattan Associates, Inc. (NASDAQ: MANH) today announced amendments to the employment agreement of Eddie Capel, the company’s Executive Vice-Chairman, following his transition from President and CEO to Executive Vice-Chairman on February 12, 2025. The amendment also anticipates his transition to Executive Chairman on or about May 13, 2025, at the company's annual meeting of shareholders.

Key Terms of the Amended Agreement:
Salary Reduction: Effective March 1, 2025, Mr. Capel’s annual base salary is reduced to $507,500.
Restricted Stock Units (RSUs):
Mr. Capel’s Unvested RSUs (as of January 23, 2025) will continue to vest according to their original terms.
If Mr. Capel’s employment ceases, his Unvested RSUs will continue to vest as long as he remains a director.
In the event of a change of control, Unvested RSUs will remain in effect, or the company may provide a substantially equivalent substitute in the surviving entity.
If, within 24 months of a change of control, Mr. Capel is terminated without cause or resigns for constructive termination, all Unvested RSUs will fully vest.
Exclusion from Performance-Based Cash Bonus & Severance:
Mr. Capel will no longer participate in Manhattan Associates’ annual cash bonus plan.
He will also not be eligible for cash severance payments upon termination.
Board Tenure & Resignation Policy:
If Mr. Capel is not reelected to the Board or tenders his resignation under the Majority Voting Resignation Policy, his Unvested RSUs will continue to vest.
Termination Provisions:
The company or Mr. Capel may terminate employment at any time.
The agreement terminates if he transitions to a non-executive role while remaining on the Board.
CEO and Board Comments
"Eddie Capel’s leadership has been instrumental in shaping Manhattan Associates into the industry leader it is today," said Eric A. Clark, President & CEO. "As he transitions to Executive Chairman, his guidance will continue to play a key role in our company’s strategic direction."

About Manhattan Associates
Manhattan Associates (NASDAQ: MANH) is a global leader in supply chain, inventory, and omnichannel commerce solutions. The company helps businesses digitally transform and optimize operations across retail, manufacturing, and logistics industries.
💬
Author
ME NEWS 03-07-25
Manhattan Associates, Inc. reported record financial results for the fourth quarter and full year 2024, driven by strong demand for its supply chain and omnichannel commerce solutions. Total revenue for Q4 2024 reached $255.8 million, a 7.3% increase from Q4 2023, with cloud subscription revenue growing significantly to $90.3 million. GAAP diluted earnings per share (EPS) for the quarter was $0.77, slightly lower than the $0.78 reported in the prior year, while non-GAAP adjusted diluted EPS rose to $1.17 from $1.03. Full-year revenue surpassed $1 billion for the first time, reaching $1.04 billion, up from $928.7 million in 2023. The company’s adjusted operating income grew to $361.8 million, a 28.5% increase from the previous year, while adjusted EPS increased from $3.74 to $4.72.

Manhattan Associates continued its stock repurchase program, buying back 986,555 shares for $241.6 million in 2024. The company also reported strong cash flow from operations of $295 million, compared to $246.2 million in 2023. Looking ahead to 2025, the company projects total revenue between $1.06 billion and $1.07 billion, with adjusted EPS expected in the range of $4.45 to $4.55. However, the company remains cautious about macroeconomic challenges and recently conducted a restructuring that eliminated around 100 positions. CEO Eddie Capel highlighted the company’s growing market opportunities and solid business momentum while acknowledging ongoing economic uncertainties.
💬
Author
WS News 01-29-25