Morgan Stanley lowered the firm’s price target on SPS Commerce (SPSC) to $70 from $95 and keeps an Equal Weight rating on the shares. Q1 results disappointed, with revenue missing consensus and FY26 revenue guidance being reduced dude to continued headwinds from the Amazon policy change, the analyst tells investors in a research note. The firm added that management will need to string together more consistent execution before investors regain confidence in the growth path.
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