Why Is MANHATTAN ASSOCS INC (MANH) Stock Up Today?

Manhattan Associates Inc. shares rose 6.25% to $217.69 on Monday. The primary driver for the move was an upgrade from Morgan Stanley, which lifted the stock to Overweight from Equal Weight. The bank cited accelerating cloud bookings and early traction in artificial intelligence as key factors for the upside.

What Happened

Morgan Stanley initiated its upgrade by highlighting the company’s growing cloud revenue and its early adoption of AI technologies. This positive action followed a period of mixed analyst sentiment. Recently, DA Davidson downgraded Manhattan Associates to Neutral while maintaining a $210 price target. Conversely, other firms have been more bullish. Barclays maintains an Overweight rating with a $239 price target, while Baird holds an Outperform rating with a $260 target. Stifel also maintains a Buy rating with a $225 price target. The recent upgrade from Morgan Stanley appears to have catalyzed the significant intraday gain.

What The Data Shows

The stock opened at $213.00, representing a 4.0% gap up from the prior close of $204.89. The session high reached $218.37 at 9:35 AM ET, while the low was $211.00 at 9:30 AM ET. The company currently has a market capitalization of $11.9 billion and a P/E ratio of 58.7. Revenue has grown 6.5% over the trailing twelve months, with a net margin of 18.7%. The stock’s beta is 0.95. Over the last 8 sessions, the stock moved 3.1% from $198.70 to $204.89. The 52-week range is $119.06 to $227.03. Recent insider activity includes three sales totaling $1.9 million in the last 90 days, with no buys recorded. The most recent sale was by CEO Clark Eric Andrew on August 11, 2026.

What To Watch

Investors will monitor how the market digests the new Morgan Stanley rating alongside the recent price target adjustments from other firms. The stock’s proximity to its 52-week high of $227.03 may also influence near-term trading activity.