Citigroup Raises Manhattan Associates (MANH) Price Target to $260
Key Points
- Citigroup reaffirmed its Buy rating on Manhattan Associates on October 20, 2026, lifting its price target to $260.00 from $203.00.
- Citigroup's $260 price target implies 7.55% upside from Manhattan Associates, Inc.'s ($MANH) current $241.74 share price.
- Manhattan Associates recently traded at $241.74, sitting below Citigroup's new target but well above its 50-day and 200-day moving averages.
- Other major funds have adjusted positions recently, with AQR Capital Management growing its stake to 3.32 million shares while AllianceBernstein cut its holdings.
Since the rating, $MANH is up 1.3% to date (from the $232.86 close on Oct 20, 2026).
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On October 20, 2026, Citigroup reaffirmed its Buy rating on Manhattan Associates, Inc. (NasdaqGS: MANH) and raised its price target for the software provider. The research note from Citigroup laid out a more optimistic view for the supply chain technology company as shares trade near upper bounds. Manhattan Associates closed at $232.86 on the day of the rating change and recently traded around $241.74.
MANH
Manhattan Associates, Inc.
Citigroup's Call on Manhattan Associates
In its research note published on October 20, 2026, Citigroup kept its Buy rating intact while lifting its price target to $260.00 from $203.00. The updated target matches the highest analyst target on Wall Street for the company. The stock traded below this new target at the time of the update.
Other Institutional Activity in Manhattan Associates
Large investment firms have been adjusting their stakes in Manhattan Associates during recent quarters. AQR Capital Management, LLC grew its holdings by 166,326 shares, ending with 3,328,418 shares worth about $805.34 million. AllianceBernstein L.P. cut its position by 817,071 shares, dropping its holdings to 2,297,954 shares valued at roughly $556.01 million.
Manhattan Associates, Inc. Stock Up 8.8%
Manhattan Associates recently traded at $241.74, which is 3.8% above its event-day closing price of $232.86 on October 20, 2026. The stock is trading well above its 50-day moving average of $208.90 and sits high above its 200-day moving average of $163.09. Shares also trade above their 52-week high of $231.63.
$MANH price target
Manhattan Associates, Inc. daily closes and this analyst's $260 target. Not advice.
Recent Earnings
Manhattan Associates generated $1.12 billion in trailing twelve month revenue with an EPS of $3.53. The company boasts a net profit margin of 18.7% and a return on equity of 96.4%. Its next quarterly financial update is scheduled for October 27, 2026.
Dividend
Manhattan Associates does not pay a dividend, retaining its earnings to fund ongoing software development and growth.
Insider Buying and Selling at Manhattan Associates, Inc.
Company insiders have completed several stock sales over recent months. Chief Executive Officer Eric Andrew Clark sold 1,000 shares on June 10, 2026, at an average price of $146.77 for a total of $146,770, and later sold 3,000 shares on August 11, 2026, at $197.76. Officer James Stewart Gantt sold 5,139 shares on July 30, 2026, at $195.53. Director Linda T. Hollembaek sold 1,579 shares on August 6, 2026, at $189.88.
Wall Street Ratings and Price Targets
Other Wall Street firms have also updated their outlooks on Manhattan Associates in recent weeks. Barclays maintained an Overweight rating on September 8, 2026, and raised its target from $201.00 to $239.00. DA Davidson downgraded the stock to Neutral on September 28, 2026, holding its target at $210.00. Morgan Stanley upgraded the stock to Overweight on October 12, 2026, boosting its target from $180.00 to $250.00. Stifel kept a Buy rating on October 14, 2026, raising its target to $250.00 from $225.00. Overall, the stock carries a consensus buy recommendation across 10 analyst opinions with a mean target price of $230.20.
About Manhattan Associates
Headquartered in Atlanta, Georgia, Manhattan Associates builds and maintains software solutions that help businesses manage supply chains, inventory, and omni-channel sales operations. The technology helps retailers and distributors streamline complex logistics networks.
Bottom Line
Investors will look closely at Manhattan Associates' upcoming earnings report on October 27, 2026, to see if the company's financial results justify its high valuation and recent stock gains.
Related Filing Alerts
Source: Citigroup's rating change on $MANH (Oct 20, 2026). Written by software, not financial advice. How we make alerts