SPS Commerce (SPSC) Stock Forecast & Price Target

$190.32

+4.96 (+2.68%)

(As of 10/4/2024 ET)

SPS Commerce - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 10 Analyst Ratings

Sell
0

Hold
4

Buy
6

Based on 10 Wall Street analysts who have issued ratings for SPS Commerce in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 4 have given a hold rating, and 6 have given a buy rating for SPSC.

Consensus Price Target

$220.25
15.73% Upside

According to the 10 analysts' twelve-month price targets for SPS Commerce, the average price target is $220.25. The highest price target for SPSC is $240.00, while the lowest price target for SPSC is $186.00. The average price target represents a forecasted upside of 15.73% from the current price of $190.32.

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SPSC Analyst Ratings Over Time

Type	Current Forecast 10/7/23 to 10/6/24	1 Month Ago 9/7/23 to 9/6/24	3 Months Ago 7/9/23 to 7/8/24	1 Year Ago 10/7/22 to 10/7/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	3 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$220.25	$220.25	$200.29	$182.67
Forecasted Upside	15.73% Upside	18.51% Upside	5.50% Upside	5.22% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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SPSC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SPSC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

SPS Commerce Stock vs. The Competition

Type	SPS Commerce	Business Services Companies	S&P 500
Consensus Rating Score	2.60	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	15.73% Upside	240.47% Upside	7.02% Upside
News Sentiment Rating	Positive News See Recent SPSC News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/2/2024	Needham & Company LLC 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$230.00 ➝ $230.00	+10.07%
7/29/2024	Northland Capmk 0 of 5 stars	N. Chokshi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
7/29/2024	Northland Securities 4 of 5 stars		Downgrade	Outperform ➝ Market Perform	$205.00 ➝ $209.00
7/26/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$210.00 ➝ $230.00	+8.27%
7/26/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$200.00 ➝ $225.00	+7.04%
7/26/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$225.00 ➝ $240.00	+12.92%
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7/26/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$178.00 ➝ $186.00	-9.54%
5/14/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$220.00	+14.23%
5/10/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$213.00 ➝ $222.00	+15.35%
4/25/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Becker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Market Perform
2/10/2023	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Outperform	$150.00 ➝ $165.00	+19.98%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 02:58 AM ET.

SPSC Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for SPS Commerce is $220.25, with a high forecast of $240.00 and a low forecast of $186.00.
: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SPS Commerce in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SPSC shares.
: According to analysts, SPS Commerce's stock has a predicted upside of 15.73% based on their 12-month stock forecasts.
: Over the previous 90 days, SPS Commerce's stock had 2 downgrades by analysts.
: SPS Commerce has been rated by research analysts at Craig Hallum, DA Davidson, Needham & Company LLC, Northland Capmk, Northland Securities, Robert W. Baird, and Stifel Nicolaus in the past 90 days.
: Analysts like SPS Commerce less than other "business services" companies. The consensus rating score for SPS Commerce is 2.60 while the average consensus rating score for "business services" companies is 2.67. Learn more on how SPSC compares to other companies.