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."

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Shares of Manhattan Associates closed at $161.12 yesterday.