Needham lowered the firm’s price target on SPS Commerce (SPSC) to $75 from $110 and keeps a Buy rating on the shares. The company missed consensus revenue estimates and lowered the FY26 revenue guide as weakness in the third party revenue recovery business once again hurt overall results, the analyst tells investors in a research note.
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Read More on SPSC:
- SPS Commerce price target lowered to $60 from $65 at Stifel
- Dylan Becker Reiterates Hold on SPS Commerce as Core Fulfillment Strength Offsets Third-Party Revenue Drag and Trimmed 2026 Guidance
- SPS Commerce Balances Amazon Drag With AI Upside
- SPS Commerce reports Q1 EPS $1.10, consensus 98c
- SPS Commerce sees Q2 EPS $1.06-$1.09, consensus $1.10