Morgan Stanley initiated coverage of SPS Commerce (SPSC) with an Overweight rating and $180 price target The firm believes SPS is well positioned to capture share in the $4B electronic data interchange vendor market. The stock at current levels underappreciates the company’s growth durability, tariff benefits, and 20%-plus free cash flow per share growth, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPSC: