U.S. stocks movement: Manhattan surged on October 12 as rating was upgraded, cloud business grew, and supply chain software advanced.

Manhattan October 12 Analysis of Surge

Keywords: Rating upgrade, cloud business growth, supply chain software

1. On October 12, 2026, Morgan Stanley upgraded Manhattan's rating to "Overweight", with an average rating of "Overweight" and an average target price of $227.70.

2. On July 31, 2026, the company disclosed that its cloud revenue for the second fiscal quarter increased by 26% year-on-year, accounting for about 98% of total software revenue; the company mainly focuses on supply chain, inventory, and omnichannel operations software, and continues to expand the Manhattan Active cloud solutions.

3. On September 22, 2026, the company commercially launched Manhattan Active Editions, covering three versions: Essentials, Enterprise, and Enterprise Premier. Customers can upgrade on the same platform as their business grows without having to migrate systems, reimplement, or retrain.

(Disclaimer: This content is summarized and generated by AI technology from publicly available information and is for reference only. It does not constitute investment advice.)