Manhattan Associates (MANH) Reiterated at Buy by Stifel As 6% Headcount Cut Announced

Stifel analyst J. Parker Lane reiterated a Buy rating and $200.00 price target on Manhattan Associates (NASDAQ: MANH).

The analyst commented, "After the close on Monday, Manhattan Associates announced it has initiated plans to reduce global headcount by ~6%. The company noted that it will be "leveraging increased operational efficiencies and allowing it to focus investments on key priorities." According to the team, the areas predominantly impacted are R&D and customer support functions for legacy areas of the business, as the company was able to drive efficiencies from internal adoption of automation and AI tools. Encouragingly, within the 8-K, the company reaffirmed its 2026 guidance."

For an analyst ratings summary and ratings history on Manhattan Associates click here. For more ratings news on Manhattan Associates click here.

Shares of Manhattan Associates closed at $161.12 yesterday.

You May Also Be Interested In

• Bernstein SocGen Group Starts Terawulf Inc. (WULF) at Outperform
• Bitmine Immersion Technologies plans $300 million preferred stock offering
• Bernstein SocGen Group Starts Cipher Mining (CIFR) at Outperform