Manhattan Associates, Inc. (MANH) Stock Analysis
Range Bound setup · Temp Headwind edge
Technology · Software - Application
Sell if holding. At $144.12, A.R:R 1.1:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Weak overall score: 4.8/10; Weak growth.
Manhattan Associates develops cloud-native supply chain execution (WMS, TMS), omnichannel commerce (order management, POS, store operations), and supply chain planning software sold as multi-year SaaS subscriptions primarily to retailers, wholesalers, manufacturers, and... Read more
Sell if holding. At $144.12, A.R:R 1.1:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Weak overall score: 4.8/10; Weak growth. Chart setup: RSI 55 mid-range, Bollinger mid-band. Score 4.8/10, moderate confidence.
Passes 5/9 gates (clean insider activity, news events none recent, earnings proximity 36d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio and death cross (50MA < 200MA). Suitability: moderate.
About Manhattan Associates, Inc.
About Manhattan Associates, Inc.
Manhattan Associates powers supply chain and omnichannel commerce for retailers, wholesalers, manufacturers, and logistics providers across the Americas, EMEA, and APAC regions. The Manhattan Active platform runs exclusively on Google Cloud Platform as a cloud-native subscription service, with multi-year arrangements typically five years or longer, and delivers quarterly product updates to all users on a single versionless codebase—reflecting more than 30 years of implementation knowledge accumulated since the company's founding in 1990.
Revenue flows through two streams: subscription fees from multi-year cloud contracts and time-and-materials professional services for implementation, configuration, and ongoing support, with substantially all customers using some portion of professional services. The product portfolio spans three domains: Supply Chain Execution (warehouse and transportation management), Omnichannel Commerce (order management, POS, and customer engagement), and Supply Chain Planning (demand forecasting, replenishment, and allocation). Competition comes from ERP vendors including Oracle, SAP, and Infor, supply chain specialists such as Blue Yonder/Panasonic and E2Open, and POS vendors including Aptos and Salesforce. The company's largest end market, retail, faces ongoing disruption from e-commerce that could extend sales cycles for large cloud subscriptions and may weigh on revenues if traditional retailers delay capital commitments.
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Manhattan's versionless architecture creates meaningful switching costs: customers extend their systems using Manhattan ProActive, a developer toolkit embedded in every subscription, and all customizations sit atop the same codebase that receives quarterly updates—any migration would require rebuilding those integrations on a competing platform. The 10-K identifies the retail segment's disruption as a material risk, noting extended sales cycles for large cloud subscriptions "could have a material adverse effect" on results. In June 2026, Manhattan disclosed via Form 8-K a plan to reduce global headcount by approximately 6%, incurring $7–$9 million in severance charges in Q2 2026, while simultaneously reaffirming its full-year 2026 financial guidance.
See also: Technology · Software - Application
From Manhattan Associates, Inc.'s most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated 2026-06-15Recent Developments — Manhattan Associates, Inc.
Material events (past 30 days)
- 8K Jun 1, 2026 MEDIUM Item 2.05: Manhattan Associates initiated a global headcount reduction of approximately 6% on June 1, 2026, expecting $7–$9 million in severance and one-time termination costs, substantially all cash, in Q2 2026. Plan expected substantially complete by end of Q2 2026. 2026 guidance reaffirmed.
Latest news
- NEWS Manhattan Associates Inc (MANH) Stock Up 6.2% and Still Underval - GuruFocus — GuruFocus positive
- NEWS Manhattan Associates (NASDAQ:MANH) Price Target Raised to $186.00 at Robert W. Baird - MarketBeat — MarketBeat positive
- NEWS Manhattan Associates (NASDAQ:MANH) Shares Gap Up on Earnings Beat - MarketBeat — MarketBeat positive
- NEWS Manhattan Associates jumps 9% after lifting FY26 guidance, signals strong backlog (MANH:NASDAQ) - Seeking Alpha — Seeking Alpha positive
- NEWS Manhattan Associates (MANH) Surges 10% Following Strong Q1 Earni - GuruFocus — GuruFocus positive
Generated 2026-06-17T09:12:25Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Material Events(8-K, last 90d)
- 2026-02-26Item 5.02MEDIUMCFO Dennis B. Story to retire effective March 31, 2026 (after 20 years). Linda C. Pinne (current SVP/Controller) named successor CFO effective April 1, 2026. Story to remain as Advisor through December 31, 2026. Clean handoff with named successor.SEC filing →
- 2026-04-02Item 5.02LOWAmendment: New CFO Linda Pinne's compensation approved—$385,000 salary, 65% annual bonus target, and 10,647 promotional RSUs (50% service-based, 50% performance-based). Compensatory arrangement for previously announced promotion.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
3 floor-breakers
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. At $144.12, A.R:R 1.1:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Weak overall score: 4.8/10; Weak growth. Chart setup: RSI 55 mid-range, Bollinger mid-band. Prior stop was $134.13. Score 4.8/10, moderate confidence.
Take-profit target: $160.08 (+11.0% upside). Prior stop was $134.13. Stop-loss: $134.13.
Weak overall score: 4.8/10; Weak growth; Negative momentum.
Manhattan Associates, Inc. trades at a P/E of 40.0 (forward 24.0). TrendMatrix value score: 4.3/10. Verdict: Sell.
19 analysts cover MANH with a consensus score of 4.1/5. Average price target: $184.
What does Manhattan Associates, Inc. do?Manhattan Associates develops cloud-native supply chain execution (WMS, TMS), omnichannel commerce (order management,...
Manhattan Associates develops cloud-native supply chain execution (WMS, TMS), omnichannel commerce (order management, POS, store operations), and supply chain planning software sold as multi-year SaaS subscriptions primarily to retailers, wholesalers, manufacturers, and logistics providers. Revenue derives from cloud subscriptions and related professional services; retail is the largest vertical market but no single customer concentration is disclosed.