Manhattan Associates stock hits 52-week high at $220.61
Manhattan Associates (MANH) stock hit a 52-week high at $220.61, up 59% in six months. The company reported strong Q2 2026 earnings, beating estimates with $1.39 EPS on $297.8M revenue. Analysts raised price targets to $225 (Stifel) and $240 (Truist), citing cloud business growth. The stock has a P/E ratio of 61.92 and is considered overvalued by InvestingPro.
How this was made
The 30-second read
Why it matters
Earnings beat and raised guidance suggest continued momentum in cloud subscriptions.
Market read
Strong earnings and upward revisions may lift MANH and related software stocks.
What to watch
Potential slowdown in enterprise spending could temper growth.
Background
Manhattan Associates is a supply‑chain and omnichannel commerce software provider.
Ticker impact
Manhattan Associates reported Q2 2026 earnings of $1.39 EPS and $297.8M revenue, beating forecasts and raising outlook.
Potential upside toward $240 target.
Beat expectations, accelerated cloud revenue growth, and analyst upgrades support bullish price action.
Market effects
Positive signal for supply‑chain and cloud software sector.
U.S. tech equities may benefit.
Reinforces AI‑driven software demand globally.
Counterpoint
Valuation remains high (P/E ~62) and could limit upside.
Key entities
- CompanyManhattan Associates
Supply‑chain software firm.
- AnalystTruist Securities
Maintained Buy rating with $240 target.
- AnalystStifel
Raised price target to $225.



