Northland upgraded SPS Commerce (SPSC) to Outperform from Market Perform with a $109 price target Amazon’s (AMZN) reduced inventory level policy, likely in response to overstocking in response to tariffs, drives $7M of the $8M revenue guidance reduction for the second half of this calendar year, according to the analyst, who argues that the pace of and refreshed buyback signal management expects organic growth to stabilize at least at 7%.
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