Manhattan Associates Inc. shares closed at a 52-week high of $220.61 on Thursday, capping a 59% gain over the past six months and a 0.73% increase over the prior 12 months.
The supply chain and omnichannel commerce software provider reported adjusted earnings of $1.39 per share for the second quarter of 2026, exceeding Wall Street expectations. Revenue totaled $297.8 million, also surpassing forecasts. The company’s market capitalization stands at $12.83 billion, with shares trading at a price-to-earnings ratio of 61.92.
Cloud subscription revenue accelerated 26% year-over-year, while the company recorded record cloud bookings for a third consecutive quarter. This growth was attributed to both new business and conversions to cloud-based solutions. Analysts at Truist Securities maintained a buy rating with a $240 price target, while Stifel raised its target to $225.
Manhattan Associates also raised some of its financial projections, citing solid performance and a favorable outlook driven by investments in go-to-market strategies and product development. InvestingPro analysis flagged the stock as overvalued relative to its Fair Value but assigned it an "excellent" financial health score alongside 17 additional ProTips.
