William Blair analyst Dylan Becker has maintained their bullish stance on MANH stock, giving a Buy rating on November 13.
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Dylan Becker has given his Buy rating due to a combination of factors related to Manhattan Associates’ financial outlook and strategic transitions. The company’s shift towards a subscription-based cloud model is expected to enhance its operating margins, with management’s initial fiscal 2026 margin commentary suggesting a positive trajectory. Becker notes that while the company has historically projected a slight annual margin decline, it has consistently outperformed these projections, achieving significant margin improvements over the past four years.
Furthermore, the analyst maintains confidence in the company’s ability to exceed its conservative initial outlook, as evidenced by its track record of surpassing expectations. Although revenue estimates remain unchanged, the revised profitability estimates reflect a favorable view of the company’s future performance. This combination of strategic transition and historical outperformance underpins the Buy rating for Manhattan Associates’ stock.
According to TipRanks, Becker is a 4-star analyst with an average return of 6.4% and a 47.92% success rate. Becker covers the Technology sector, focusing on stocks such as Autodesk, Guidewire, and Powerfleet.
In another report released on November 13, Barclays also maintained a Buy rating on the stock with a $239.00 price target.