Baird lowered the firm’s price target on SPS Commerce (SPSC) to $104 from $145 and keeps a Neutral rating on the shares. The firm updated its model following Q3 results whic were a rare miss for the company.
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Read More on SPSC:
- SPS Commerce price target lowered to $80 from $125 at DA Davidson
- SPS Commerce price target lowered to $110 from $145 at Citi
- SPS Commerce: Hold Rating Amid Mixed Q3 Results and Conservative Outlook
- SPS Commerce Stock: Buy Rating Amid Overreaction and Growth Potential
- SPS Commerce downgraded to Hold from Buy at Stifel