William Blair analyst Dylan Becker has maintained their bullish stance on MANH stock, giving a Buy rating today.
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Dylan Becker has given his Buy rating due to a combination of factors including Manhattan Associates’ strong third-quarter performance, where total revenue, cloud revenue, and profitability exceeded expectations. Despite a slight dip in stock value after hours attributed to seasonal factors affecting sequential growth in RPO, the company’s internal strategies in market initiatives such as conversions, partnerships, and renewals have shown promising results.
Additionally, management’s confidence in achieving the high end of their full-year RPO range and a positive initial outlook for 2026 further supports the Buy rating. The transition to a cloud model is expected to enhance long-term value, combining sustainable subscription growth with operational profitability, which reinforces the positive outlook for Manhattan Associates.
In another report released today, Barclays also maintained a Buy rating on the stock with a $244.00 price target.