Why Wall Street Is Watching Manhattan Associates, Inc. (MANH)' Cloud Expansion Closely

Manhattan Associates, Inc. (NASDAQ:MANH) is among the best money-making stocks to buy right now. On January 28, Raymond James reduced the price target on Manhattan Associates, Inc. (NASDAQ:MANH) to $230 from $240 and maintained an Outperform rating. This downward adjustment in price target came after the company’s Q4 2025 results, which the firm believes demonstrated “impressive bookings momentum and execution” under the leadership of CEO Eric Clark.

In its analysis, Raymond James noted the company’s record Q4 remaining performance obligation (RPO) figure and a recently revealed 23% fully ramped annual recurring revenue (ARR) growth figure, which benefited from “impressive traction with net new logos.” This reflects 55% of new cloud bookings in 2025, the analyst added.

While acknowledging the time required for investors to fully appreciate the new metrics, the firm noted that the disclosed figures could help ease doubts about the company’s ability to achieve its 20% cloud growth targets. Thus, Manhattan Associates, Inc. (NASDAQ:MANH) “won’t be immune from broader software volatility,” Raymond James said, adding that it sees “idiosyncratic catalysts for a durable 20%+ subscription growth profile” for the company.

On the same day, Truist Securities reaffirmed its Buy rating and $240 on Manhattan Associates, Inc. (NASDAQ:MANH). With the highest 1-year price target among analysts, the firm’s guidance implies 70.88% upside.

Manhattan Associates, Inc. (NASDAQ:MANH) is a Georgia-based provider of software solutions to effectively manage supply chains, inventory, and omni-channel operations. Incorporated in 1990, the company offers warehouse management, transportation management, and logistics execution solutions.

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