Manhattan Associates, Inc. (MANH) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$143.56
Price Target
$197.25
Target Range
$145.00 — $240.00
Analyst Rating
Buy
Forward P/E26.8x
Trailing P/E39.9x
Forward PEG1.25
Implied Growth+48.5%
Median Target$202.00
Analyst Spread48.2%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$145
+1.0%
Consensus
$197
+37.4%
Bull Case
$240
+67.2%
Valuation Model TargetsConfidence: 61/100
Bear$101
Base$193
Bull$281
MANH Price Target Analysis
Updated May 8, 2026As of May 8, 2026, Manhattan Associates, Inc. (MANH) has a Wall Street consensus price target of $197.25, based on estimates from 15 covering analysts. With the stock currently trading at $143.56, this represents a potential upside of +37.4%. The company has a market capitalization of $8.50B.
Analyst price targets range from a low of $145.00 to a high of $240.00, representing a 48% spread in expectations. The median target of $202.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 11 analysts rating the stock as a Buy or Strong Buy,4 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, MANH trades at a trailing P/E of 39.9x and forward P/E of 26.8x. The forward PEG ratio of 1.25 indicates reasonable valuation for growth. Analysts expect EPS to grow +48.5% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $192.56, with bear and bull scenarios of $101.27 and $281.04 respectively. Model confidence stands at 61/100, reflecting moderate uncertainty in projections.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Technology stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+62.0%
Avg Forward P/E22.8x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 WMSAdvanced Drainage Systems, Inc. | $12.2B | $144.08 | $202.67 | +40.7% | Hold | 23.7x | 22 |
 NCNOnCino, Inc. | $2.1B | $17.78 | $32.33 | +81.8% | Buy | 19.6x | 23 |
 VEEVVeeva Systems Inc. | $27.4B | $168.23 | $280.10 | +66.5% | Buy | 19.0x | 42 |
 GWREGuidewire Software, Inc. | $11.8B | $139.58 | $245.17 | +75.6% | Buy | 39.7x | 26 |
 PCTYPaylocity Holding Corporation | $5.9B | $109.12 | $168.08 | +54.0% | Buy | 14.0x | 41 |
 SAPSAP SE | $203.6B | $174.71 | $391.67 | +124.2% | Buy | 23.8x | 43 |
 ORCLOracle Corporation | $559.3B | $194.53 | $257.19 | +32.2% | Buy | 26.0x | 86 |
 EPAMEPAM Systems, Inc. | $5.5B | $104.38 | $197.00 | +88.7% | Buy | 8.2x | 37 |
 DSGXThe Descartes Systems Group Inc. | $6.3B | $73.38 | $103.50 | +41.0% | Buy | 39.3x | 14 |
 UPSUnited Parcel Service, Inc. | $85.1B | $100.10 | $115.23 | +15.1% | Hold | 14.1x | 45 |
Upside Potential Comparison
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Start ComparisonMANH — Frequently Asked Questions
Quick answers to the most common questions about buying MANH stock.
What is the MANH stock price target for 2026?
The consensus Wall Street price target for MANH is $197.25, representing 37.4% upside from the current price of $143.56. With 15 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is MANH a buy, sell, or hold?
MANH has a consensus rating of "Buy" based on 15 Wall Street analysts. The rating breakdown is predominantly bullish, with 11 Buy/Strong Buy ratings. The consensus 12-month price target of $197.25 implies 37.4% upside from current levels.
Is MANH stock overvalued or undervalued?
MANH trades at a forward P/E of 26.7921x, representing a moderate valuation. With analysts targeting $197.25 (37.4% implied move), the stock appears reasonably valued with upside.
How high can MANH stock go?
The most bullish Wall Street analyst has a price target of $240 for MANH, while the most conservative target is $145. The consensus of $197.25 represents the median expectation. Our quantitative valuation model projects a bull case target of $281 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover MANH stock?
MANH is well covered by analysts, with 15 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 11 have Buy ratings, 4 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the MANH stock forecast?
The 12-month MANH stock forecast based on 15 Wall Street analysts shows a consensus price target of $197.25, with estimates ranging from $145 (bear case) to $240 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $193, with bear/bull scenarios of $101/$281.
What is MANH's fair value based on fundamentals?
Our quantitative valuation model calculates MANH's fair value at $193 (base case), with a bear case of $101 and bull case of $281. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 61/100.
What is MANH's forward P/E ratio?
MANH trades at a forward P/E ratio of 26.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 39.9x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy MANH stock?
Wall Street analysts are very optimistic on MANH, with a "Buy" consensus rating and $197.25 price target (37.4% upside). 11 of 15 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do MANH price targets vary so much?
MANH analyst price targets range from $145 to $240, a 48% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $197.25 consensus represents the middle ground. Our model's $101-$281 range provides an independent fundamental perspective.