Morgan Stanley Raises MANH Price Target to $250

Morgan Stanley raises its rating on Manhattan Associates, boosting the price target significantly, a 12.70% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:29 PM EDT

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Morgan Stanley raised its price target on Manhattan Associates, Inc. ($MANH) to $250 from $180 on October 12, 2026, and rates the stock "Overweight".

Since the rating, $MANH is up 2.0% to date (from the $217.89 close on Oct 12, 2026).

MANH Manhattan Associates, Inc.

$222.17 +32.81% year to date

Daily close · Oct 16, 2026

Key Points

On October 12, 2026, Morgan Stanley upgraded Manhattan Associates to an Overweight rating and raised its price target to $250 from $180.
Morgan Stanley's $250 price target implies 12.70% upside from Manhattan Associates, Inc.'s ($MANH) current $221.82 share price.
Currently, Manhattan Associates trades at around $221.82, which is about 11.3% below the new target price.
The company, focused on supply chain and inventory management software, is set to report its next earnings on October 27, 2026.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Manhattan Associates, Inc. alert may contain errors. Disclosures

On October 12, 2026, Morgan Stanley raised its rating on Manhattan Associates, Inc. (NASDAQ: MANH) to Overweight and increased its price target from $180 to $250. This marks a significant upgrade in the firm's outlook on the company.

Analyst rating track record

Morgan Stanley vs. the S&P 500

YTD return +0.93% hypothetical

All-time return +0.93% S&P 500 +0.64%

vs. S&P 500 +0.29% ahead of the index

Hypothetical returns from Morgan Stanley's disclosed trades, not real profit or advice. How we model this.

What Changed in Morgan Stanley's Manhattan Associates Position

Morgan Stanley's new price target of $250 represents a notable increase from the previous target. The stock is currently trading around $221.82, which is about 11.3% below this new target, suggesting potential upside according to the firm.

Other Institutional Activity in Manhattan Associates

Several institutional investors have adjusted their positions in Manhattan Associates. Blackrock Inc. reduced its holdings by 63,657 shares, ending with 6,781,222 shares valued at approximately $1.51 billion. Vanguard Portfolio Management LLC also trimmed its stake by 11,997 shares, bringing its total to 3,857,897 shares worth about $857.1 million. In contrast, FMR, LLC increased its position by 307,878 shares, resulting in 3,611,292 shares valued at about $802.3 million.

Manhattan Associates, Inc. Stock Up 4.9%

Manhattan Associates' shares are trading at $221.82 as of October 16, 2026. The stock has shown strength, especially with the recent upgrade from Morgan Stanley, but it remains below the new price target. This could present an interesting situation for investors watching the stock.

12-month forecast

$MANH price target

Manhattan Associates, Inc. daily closes and this analyst's $250 target. Not advice.

Recent Earnings

For the trailing twelve months, Manhattan Associates reported revenue of approximately $1.13 billion, with an earnings per share (EPS) of $3.49. The company has an impressive return on equity (ROE) of 96.4% and a net margin of 18.7%. The next earnings report is scheduled for October 27, 2026.

Insider Buying and Selling at Manhattan Associates, Inc.

Insider trading activity has been notable at Manhattan Associates. CEO Eric Andrew Clark sold 1,000 shares on June 10, 2026, at an average price of $146.77, totaling about $146,770. Additionally, Officer James Stewart Gantt sold 5,139 shares on July 30, 2026, at an average price of $195.53, amounting to approximately $1.00 million. Director Linda T. Hollembaek sold 1,579 shares on August 6, 2026, at $189.88, totaling around $299,821, and Clark sold another 3,000 shares on August 11, 2026, at $197.76, valued at about $593,280.

Analysts Set New Price Targets

On October 12, 2026, Morgan Stanley upgraded its rating on Manhattan Associates to Overweight and set a new price target of $250. Earlier, on July 29, 2026, Stifel maintained a Buy rating with a target of $225, and Baird maintained an Outperform rating with a target of $260 on August 26, 2026. The consensus target among analysts is currently around $239.

About Manhattan Associates

Manhattan Associates, Inc. develops software solutions that help businesses manage their supply chains, inventory, and omni-channel operations. The company's focus on innovative technology has positioned it well within the software application industry, making this upgrade from Morgan Stanley particularly significant as it indicates growing confidence in its future performance.

Bottom Line

Investors will be watching for Manhattan Associates' upcoming earnings report on October 27, 2026, to see how the company performs following this positive analyst upgrade. Morgan Stanley's upgrade adds to a series of favorable ratings from other firms, indicating a bullish outlook on the company's growth prospects.