Should I Buy MANH? MANH 2026 Analysis

Should You Buy Manhattan Associates Inc (MANH) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

145.070

1 Day change

4.91%

52 Week Range

247.220

Analysis Updated At

2026/02/05

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Not a good buy right now for an impatient buyer: the stock is still in a clear downtrend (bearish MA stack) and has not shown a confirmed reversal.
Oversold conditions (very low short-term RSI) can create a bounce, but without a confirmed trend turn or Intellectia signals, the risk of more downside toward support is still meaningful.
Options flow is mixed-to-bearish near-term (very put-heavy volume) and implied volatility is elevated, suggesting the market is paying up for protection.

Intellectia Proprietary Trading Signals

AI Stock Picker: No signal on given stock today.
SwingMax: No signal on given stock recently.

Technical Analysis

Trend: Bearish (SMA_200 > SMA_20 > SMA_5), indicating price remains in a sustained downtrend.
Momentum: MACD histogram is negative (-3.386) but contracting, implying downside momentum is fading (potential early stabilization, not confirmation).
RSI: RSI_6 ~23 is deeply oversold, which often precedes short-term rebounds, but oversold can persist in downtrends.
Key levels:
- Current price: 140.7 (below Pivot 154.332)
- Support: S1 134.502, then S2 122.251
- Resistance: Pivot 154.332, then R1 174.161
Pattern-based outlook provided: ~60% chance of -0.51% next day, +2.82% next week, +5.76% next month (near-term chop risk with a possible multi-week mean reversion).

Options Data

Bullish

Open Interest Put-Call Ratio

Bearish

Option Volume Put-Call Ratio

Positioning (Open Interest): Put/Call OI ratio 0.69 leans bullish/less hedged overall (more calls outstanding than puts).
Trading sentiment (Volume): Put/Call volume ratio 5.15 is strongly bearish for today’s flow (puts dominating), signaling near-term caution.
Volatility: IV30 ~44.9 vs HV ~44.6 (roughly in-line), but IV percentile 81.67 indicates options are expensive relative to the past year—market expects/discounts larger moves.
Activity: Today’s volume (406) is below the 30-day average (~78.68% of avg), but open interest today vs avg is elevated (179.44%), suggesting positioning is built up even if today’s tape isn’t maxed out.

Technical Summary

Sell

Buy

Positive Catalysts

- Fundamental growth is still positive (Q4 2025 revenue +5.7% YoY; EPS +11.7% YoY), supporting a longer-term bull case.
- Street price targets from bulls (DA Davidson/Truist/Barclays) are far above current price, implying perceived valuation opportunity if execution holds.
- Oversold technical condition increases probability of a short-term rebound if sellers exhaust.

Neutral/Negative Catalysts

- No supportive near-term news/catalyst in the last week; absent a trigger, the prevailing downtrend can continue.
- Bearish technical structure (below pivot; bearish moving averages) increases the odds of failed rallies.
- Options tape today is protection-heavy (put volume dominates), consistent with caution into the near term.
- Morgan Stanley flags potential FY26 RPO growth deceleration and renewal headwinds—risk to “high expectations.”

Financial Performance

Latest quarter: 2025/Q4
Revenue: 270.389M, +5.70% YoY (steady growth).
Net income: 51.953M, +8.20% YoY (profit growth outpacing revenue).
EPS: 0.86, +11.69% YoY (good operating leverage/discipline).
Gross margin: 54.41%, -1.41% YoY (margin pressure is a watch item even as earnings grew).

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Recent rating/target trend: Mostly positive ratings with high targets, but targets have been trimmed by some (DA Davidson 250→240; Barclays 244→239), while Truist raised (230→240).
Key split on expectations:
- Bull case (DA Davidson/Truist/Barclays): strong bookings/demand, domain leadership in warehouse management, multi-driver growth into 2H26/2027.
- Cautious view (Morgan Stanley Equal Weight): price target cut 200→165 on concerns about decelerating RPO growth and renewal cohort headwinds.
Bottom line from Wall Street: Pros see strong long-term platform monetization; cons are near-term growth deceleration/renewal dynamics and the market’s sensitivity to guidance.

8 Analyst Rating

Wall Street analysts forecast MANH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MANH is 224.57 USD with a low forecast of 165 USD and a high forecast of 250 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

6 Buy

2 Hold

0 Sell

Strong Buy

Current: 138.280

Low

165

Averages

224.57

High

250

Current: 138.280

Low

165

Averages

224.57

High

250

DA Davidson

Buy

downgrade

$250 -> $240

AI Analysis

2026-01-28

Reason

DA Davidson

Price Target

$250 -> $240

AI Analysis

2026-01-28

downgrade

Buy

Reason

DA Davidson lowered the firm's price target on Manhattan Associates to $240 from $250 and keeps a Buy rating on the shares. The company reported strong Q4 results, highlighted by better than expected total y/y RPO growth, though the management gave a conservative FY26 guide that implies a reacceleration of total revenue growth from 3% to 6%, the analyst tells investors in a research note. DA Davidson maintains that Manhattan Associates is in an opportune position to monetize its domain expertise in warehouse management.

Truist

Buy

maintain

$230 -> $240

2026-01-05

Reason

Truist

Price Target

$230 -> $240

2026-01-05

maintain

Buy

Reason

Truist raised the firm's price target on Manhattan Associates to $240 from $230 and keeps a Buy rating on the shares. Seasonally strong demand and bookings are expected across coverage, including Manhattan Associates, with stronger large transformation deal activity anticipated in Q4 and Q1, the analyst tells investors in a research note. Confidence is increasing that a diverse set of growth drivers will begin contributing as early as 2H26 and more fully in 2027, supporting sustained cloud subscription revenue growth, the firm says.

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MANH Should I Buy

MANH Should I Buy

Should You Buy Manhattan Associates Inc (MANH) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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