How Manhattan Associates’ Cloud Momentum and Q3 Beat Framed Barclays’ Latest Call

Manhattan Associates, Inc. (NASDAQ:MANH) is one of the best logistics-tech stocks to buy now.

As of December 5, around two-thirds of analysts covering Manhattan Associates, Inc. (NASDAQ:MANH) rate it Buy or equivalent. While the stock has underperformed the broader market substantially year to date, the consensus 1-year median price target of $234.50 implies nearly 31% upside.

On November 13, 2025, Barclays reaffirmed its Overweight rating on Manhattan Associates while slightly lowering the 12-month price target from $244 to $239. The firm’s revised target reflected an updated post-third-quarter model that adjusted for recent earnings metrics while maintaining confidence in the company’s long-term positioning.

The rating update followed Manhattan Associates’ third-quarter earnings release on October 24. The company posted total revenue of $238 million, up 20% year over year, and adjusted EPS of $1.03, exceeding analyst expectations. Software license revenue rose 44% to $17.5 million, while cloud subscriptions climbed 41% to $84.5 million. During the earnings call, management emphasized sustained demand across its omnichannel and warehouse solutions, with deal activity remaining strong despite broader macro uncertainty. The company also raised full-year revenue and EPS guidance, citing robust customer pipelines and continued momentum in its cloud transition.

Barclays’ updated price target appears to factor in the near-term pace of that momentum while retaining an overall bullish stance on Manhattan Associates’ growth trajectory.

Manhattan Associates, Inc. (NASDAQ:MANH) provides supply chain and omnichannel commerce software solutions for retailers, wholesalers, and logistics providers worldwide.

While we acknowledge the potential of MANH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MANH and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.