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SPS Commerce price target lowered to $233 from $237 at Citi

Citi lowered the firm’s price target on SPS Commerce (SPSC) to $233 from $237 and keeps a Buy rating on the shares as part of a Q4 preview for the application software group. The firm sees an improving environment for financial transformation deals with solid momentum in Q4 continuing that should support initial 2025 outlooks.

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