Why Manhattan Associates, Inc. (MANH) stock moved
Manhattan Associates, Inc. (MANH) shares fell 0.4% to $199.34 as of September 30, 2026, a slight decline from the prior close of $200.11. BestStocks flagged the session as a major change for MANH. Below, we break down what changed for MANH, why it matters for investors, how the stock reacted, and the catalysts on the calendar.
MANH fell 0.4% to $199.34
Manhattan Associates, Inc. moved -3.16% intraday from $206.03 to $199.51. Manhattan Associates Inc. (MANH) stock is trading lower today due to an analyst downgrade from DA Davidson , which lowered the company's rating from "Buy" to "Neutral". ## Manhattan Associates Inc (MANH) $199.50 -3.17% today As of Sep 28, 2:00 PM EDT • Disclaimer 10:00 AM 11:00 AM 12:00 PM 1:00 PM 2:00 PM 198 200 202 204 206 Prev close $206.03 Sep 28, 2026 9:30 AM - 2:00 PM 1D 5D 1M 6M YTD 1Y 5Y Max| Open 201.88 | Mkt cap $11.63B USD | 52-wk high 227.03 | | High 201.88 | P/E ratio 57.12 | 52-wk low 119.06 | | Low 196.79 | Div yield- | ### Why the Stock is Declining - Valuation Concerns: DA Davidson adjusted its stance based primarily on valuation, noting that the stock has run up significantly and set a price target of $210 . This implies very limited upside from its recent closing price of $206.03. - Macro Tech Pulldown: The software and tech sectors are facing broader downward pressure, pulling multiple mid-market cloud and SaaS companies down alongside MANH. Despite today's pullback, Wall Street's long-term outlook on Manhattan Associates remains fundamentally constructive. The company recently posted a strong Q2 earnings beat with a 26% acceleration in cloud subscription revenu Monitor for follow-through at the close.
What it means for Manhattan Associates, Inc. investors
For Manhattan Associates, Inc. investors, the recent signals add up to a bearish shift. On the constructive side: Positive price momentum; Positive price momentum. Weighing against that: Material negative event; Negative session, down 0.4%. Wall Street's consensus price target sits at $210.50, implying +5.6% upside from $199.34. Over the past 90 days analysts logged 1 upgrade and 1 downgrade. BestStocks rates the overall signal quality weak (29/100). With earnings roughly 27 days out, the next report is the most likely near-term test of the move.
MANH price reaction
MANH last traded at $199.34, down $0.78 (-0.39%) from the previous close of $200.11. The session traded on 0.2× average volume (below avg), so participation was unremarkable. Over the past month the stock has ranged between $199.34 and $223.19, and it currently sits about 0% of the way up that band.
Bullish and bearish analyst opinions on Manhattan Associates, Inc. (MANH)
The consensus analyst price target on Manhattan Associates, Inc. (MANH) is $210.50, 5.6% above the recent $199.34. Over the past 90 days analysts logged 1 upgrade, 6 maintains, and 1 downgrade. Here is how the bullish and bearish cases on MANH line up.
The bullish case
- Wall Street's consensus price target of $210.50 implies +5.6% upside from $199.34.
- The Street's most bullish target is $260.00 (+30.4%).
- 1 analyst upgrade in the past 90 days, most recently Loop Capital to Buy (2026-07-29).
- Positive price momentum.
The bearish case
- The most bearish analyst target is $145.00 (-27.3%).
- 1 analyst downgrade in the past 90 days, most recently DA Davidson to Neutral (2026-09-28).
- Material negative event.
- Negative session, down 0.4%.
- Manhattan Associates, Inc. (MANH) moved -6.29% from $159.12 to $149.11 on 2026-07-22.
Weighing both sides, BestStocks' composite read of recent signals is bearish, as the bull-versus-bear meter above shows. This is an educational summary of the bull and bear case, not investment advice.
Analyst price targets and ratings are FMP consensus figures as of Sep 30, 2026; other aggregators may differ. High and low targets show the range of estimates, not forecasts.
Previous notable changes for MANH
In-depth MANH event analyses
Frequently asked questions about MANH
Why did Manhattan Associates, Inc. (MANH) stock move?
MANH fell 0.4% to $199.34. The move coincided with the context summarized above, though no single company-specific catalyst was independently confirmed.
How much did MANH stock fall?
MANH lost 0.39% ($0.78) versus the prior close of $200.11, last trading at $199.34 on 0.2× average volume.
When is Manhattan Associates, Inc.'s next earnings date?
MANH's next earnings report is estimated for 2026-10-27 — about 27 days away.
What is the analyst price target for MANH?
The consensus analyst price target for MANH is $210.50, about 5.6% above the current $199.34. Over the past 90 days, analysts recorded 1 upgrade, 6 maintains, and 1 downgrade.
How BestStocks tracks MANH
This page is generated automatically by BestStocks' change-detection system after its price and volume cleared MANH-specific materiality thresholds, triggering an evidence check. It draws on 20 tracked change events for MANH, cross-checked against the data sources listed below. Price, volume, and market-capitalization figures are the live intraday quote as of September 30, 2026 and refresh as new information is detected; for companies with multiple share classes, market-cap figures can differ by data source. Analyst price targets and ratings are FMP consensus. This is an educational summary of what changed and why — not personalized investment advice.