SPS Commerce (NASDAQ:SPSC) Price Target Raised to $70.00

SPS Commerce (NASDAQ:SPSC) had its target price upped by DA Davidson from $65.00 to $70.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a neutral rating on the software maker’s stock.

A number of other research analysts have also recently issued reports on SPSC. Weiss Ratings upgraded shares of SPS Commerce from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target (up from $75.00) on shares of SPS Commerce in a report on Wednesday, August 19th. Citigroup reiterated a “buy” rating and set a $99.00 target price (up from $82.00) on shares of SPS Commerce in a research report on Tuesday, October 20th. Zacks Research upgraded shares of SPS Commerce from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Finally, Stifel Nicolaus boosted their price target on shares of SPS Commerce from $70.00 to $85.00 and gave the stock a “hold” rating in a research report on Wednesday, October 14th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $79.33.

SPS Commerce Price Performance

NASDAQ SPSC opened at $82.99 on Friday. The business’s 50-day moving average price is $83.38 and its 200 day moving average price is $68.41. The firm has a market cap of $2.94 billion, a P/E ratio of 36.88 and a beta of 0.66. SPS Commerce has a 52-week low of $49.04 and a 52-week high of $96.54.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Thursday, October 29th. The software maker reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.16. SPS Commerce had a net margin of 10.65% and a return on equity of 13.72%. The company had revenue of $197.65 million for the quarter, compared to the consensus estimate of $197.51 million. During the same quarter last year, the firm posted $1.13 earnings per share. SPS Commerce’s revenue was up 4.1% on a year-over-year basis. As a group, analysts anticipate that SPS Commerce will post 3.59 earnings per share for the current year.

Institutional Investors Weigh In On SPS Commerce

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPSC. BlackRock Inc. acquired a new position in SPS Commerce in the second quarter valued at approximately $339,259,000. Jupiter Topco LLC acquired a new position in SPS Commerce in the 2nd quarter valued at $56,260,000. Walleye Capital LLC lifted its position in SPS Commerce by 1,749.1% during the first quarter. Walleye Capital LLC now owns 457,635 shares of the software maker’s stock worth $25,477,000 after buying an additional 432,886 shares in the last quarter. Lightrock Netherlands B.V. increased its stake in SPS Commerce by 432.8% during the first quarter. Lightrock Netherlands B.V. now owns 441,669 shares of the software maker’s stock worth $24,588,000 after acquiring an additional 358,771 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in SPS Commerce by 13,031.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 354,538 shares of the software maker’s stock valued at $19,737,000 after purchasing an additional 351,838 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

Key Stories Impacting SPS Commerce

Here are the key news stories impacting SPS Commerce this week:

• Positive Sentiment: Q3 earnings exceeded expectations. SPS Commerce reported adjusted EPS of $1.39, above the $1.23 consensus estimate and up from $1.13 a year earlier. Revenue of $197.6 million was broadly in line with estimates and increased 4% year over year. SPS Commerce Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Profitability and shareholder returns improved. Adjusted EBITDA rose 17% to $70.9 million, while SPS Commerce repurchased $48.8 million of stock during the quarter. GAAP net income also increased to $30.7 million from $25.6 million in the prior-year period. SPS Commerce Reports Strong Third Quarter 2026 Financial Results
• Neutral Sentiment: Management maintained a measured outlook. SPS Commerce guided fourth-quarter revenue to $199.3 million-$201.3 million and GAAP EPS to $0.74-$0.79. Full-year 2026 revenue guidance is $786.9 million-$788.9 million, with GAAP EPS of $2.29-$2.35. Revenue growth was partially constrained by the divestiture of the 3P Revenue Recovery business and variability in the 1P take-rate model. SPS Commerce Provides Earnings Guidance
• Negative Sentiment: DA Davidson remains cautious despite raising its target. The firm lifted its price target from $65 to $70 but kept a neutral rating, leaving the target below the stock’s recent trading level. That implies analysts see limited near-term upside after the recent rally and may be contributing to selling pressure. DA Davidson SPS Commerce Rating

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management software for retailers, suppliers, distributors and logistics providers. Its platform helps businesses manage and automate transactions and workflows across complex retail and e-commerce networks.

The company’s solutions include electronic data interchange (EDI), order management, inventory visibility, fulfillment, invoice and payment processing, product information management, and supply chain analytics. These tools are designed to connect trading partners, reduce manual data entry, improve order accuracy and support more efficient movement of products from suppliers to consumers.

Founded in 2001 and headquartered in Minneapolis, Minnesota, SPS Commerce serves businesses across retail and wholesale ecosystems in North America and other international markets.