Manhattan Associates stock gets a Neutral downgrade at DA Davidson

Published on 10/05/2026 at 15:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Manhattan Associates stock traded at USD 207.94 on October 5, 2026, after DA Davidson cut its rating to Neutral. Q2 revenue rose 9.3 percent to USD 297.79 million, while the ten-broker consensus target stands at USD 217.20.

MANH, US5627501092, Illustration mit AI erstellt.

Manhattan Associates stock (ISIN US5627501092) was trading at USD 207.94 on Nasdaq on October 5, 2026, at 9:46 a.m. ET, up 1.86 percent. The immediate test for the supply chain software company is analyst conviction after DA Davidson cut its rating from Buy to Neutral on September 28, 2026, according to MarketBeat.

DA Davidson cuts the rating

DA Davidson kept its price target at USD 210.00 while moving the recommendation to Neutral, leaving the target USD 2.06 above the October 5 Nasdaq quote. The unchanged target makes the rating change more important than a fresh valuation increase because the analyst reduced conviction without lowering the stated price objective.

Q2 revenue rose 9.3 percent

Manhattan Associates entered the discussion with a solid second-quarter operating comparison. For Q2 2026, revenue reached USD 297.79 million, up 9.3 percent from the year-earlier quarter, while adjusted EPS came in at USD 1.39 versus a USD 1.32 FactSet consensus, according to MarketScreener. The USD 0.07 adjusted EPS difference and the revenue growth point to continued demand, but the valuation leaves less room for execution setbacks.

Consensus target stays above the quote

The broader analyst picture remains constructive. MarketBeat reports a Moderate Buy consensus from ten brokerages, with eight Buy ratings, two Hold ratings and an average 12-month target of USD 217.20. That average target lies 4.5 percent above the USD 207.94 Nasdaq price, a narrower spread than the 52-week range suggests.

Three Editions expand the platform

Manhattan Associates also launched three Editions for its Manhattan Active solutions on September 22, 2026, according to MarketScreener. The Essentials, Enterprise and Enterprise Premier offerings are designed to let customers expand capabilities on one cloud platform instead of replacing the underlying system.

MANH stock remains below its yearly high

MANH stock was trading at USD 207.94 on Nasdaq on October 5, 2026, with a market capitalization of USD 12.1 billion and volume of 14,259 shares. The 52-week range was USD 119.06 to USD 227.03, placing the quote USD 19.09 below the high.