Northland lowered the firm’s price target on SPS Commerce (SPSC) to $181 from $209 and keeps a Market Perform rating on the shares. December quarter results were driven by wallet share “again” and weak customer adds are likely to continue through calendar year 2025, the analyst tells investors in a post-earnings note.
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Read More on SPSC:
- SPS Commerce price target lowered to $200 from $225 at Stifel
- Hold Rating on SPS Commerce: Balanced Valuation Amid Strong Growth and Market Expansion
- SPS Commerce price target lowered to $175 from $188 at Baird
- SPS Commerce price target lowered to $175 from $198 at Piper Sandler
- SPS Commerce: Buy Rating Upheld Amid Adjusted Growth Forecasts and Expanding Market Potential