Morgan Stanley lowered the firm’s price target on SPS Commerce (SPSC) to $95 from $100 and keeps an Equal Weight rating on the shares. Q4 results disappointed with revenue at the low end of guide and FY26 guide of 6%-7% year-over-year coming in below prior guidance of 7%-8% as headwinds continue, the analyst tells investors in a research note.
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Read More on SPSC:
- SPS Commerce price target lowered to $86 from $104 at Baird
- Craig-Hallum downgrades SPS Commerce to Hold as unclear headwinds continue
- SPS Commerce price target lowered to $70 from $100 at Cantor Fitzgerald
- SPS Commerce downgraded to Hold from Buy at Craig-Hallum
- SPS Commerce price target lowered to $65 from $80 at Stifel