Needham analyst Scott Berg lowered the firm’s price target on SPS Commerce (SPSC) to $160 from $210 and keeps a Buy rating on the shares. The company’s Q2 outperformed the firm’s estimates and reported positive customer metrics, but revenue was on the lower end of its historical reported range as macro and tariff-driven trepidation is negatively impacting supply chain software purchasing decisions, the analyst tells investors in a research note.
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