Movement Alert｜Manhattan Associates Rises 5.56% in After-Hours Trading, Morgan Stanley Upgrades to Overweight

Market Focus10-13

On October 13, Manhattan Associates rose 5.56% in after-hours trading, trading at $217.2299 per share, with turnover of $7.9821 million.

The move followed Morgan Stanley's upgrade of the stock from Hold to Overweight on October 12, which served as the primary catalyst for the after-hours strength. According to FactSet data, analysts' average rating for Manhattan Associates is Overweight, with a mean price target of $227.70, implying roughly 5% upside from current levels.

Supporting the bullish case, Manhattan Associates reported second-quarter results that exceeded expectations, with revenue rising 9% to $297.8 million and adjusted earnings per share of $1.39, while raising its full-year 2026 adjusted EPS guidance to a range of $5.44 to $5.50, reinforcing confidence in the company's profitability trajectory.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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