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Sps Commerce (SPSC)
NASDAQ:SPSC
SPSC Analyst Ratings
Moderate Buy
6 Buy
6 Hold
0 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
SPSC Stock 12 Month Forecast
Average Price Target
$143.00
▲(34.50% Upside)
| Highest Price Target$170.00 | Average Price Target$143.00 | Lowest Price Target$120.00 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Detailed List of Analyst Forecasts
D.A. Davidson
$125
Hold
17.57%
Upside
Reiterated
09/25/25
William Blair
―
Hold
―
Reiterated
09/24/25
Craig-Hallum
―
Buy
―
Reiterated
09/24/25
Needham
$160
Buy
50.49%
Upside
Reiterated
09/24/25
Morgan Stanley
$170
Buy
59.89%
Upside
Reiterated
09/23/25
SPS Commerce: Leveraging Network-Led Strategy and AI for Robust GrowthWe remain OW as growth concerns look overblown for this 20%+ FCF/share grower. Network-Led Growth. Our main takeaway from SPS Commerce's Investor Day was how management is augmenting its go-to-market strategy with a new network-led growth motion to unlock the next phase of growth. SPS Commerce will leverage the demand signals about their customers from their activities on the network to inform upsell and cross-sell opportunities as well as to prospect new customers. This motion is only possible because of the scale of SPS Commerce's network (300,000 trading partner relationships, $650 billion in transaction volume, 33 million product SKUs, 780 million documents). This makes the insights and data available on the network proprietary and something competitors cannot easily replicate.
Stifel Nicolaus
$165→$150
Buy
41.08%
Upside
Reiterated
09/23/25
Citi
$173→$166
Buy
56.13%
Upside
Reiterated
09/23/25
Strategic Growth and Profitability Potential Drive Buy Rating for SPS CommerceWe attended SPSC’s investor day, hosted at the Minneapolis headquarters, with a focus on leveraging their position as the world’s leading retail supply chain network to drive durable and profitable growth across the $11B TAM. As the product portfolio has expanded, SPSC looks to utilize network data to better target sales prospects, which we see as particularly relevant as rev recovery cross-sell starts to ramp into ’26. Performance management (from Traverse) has now been packaged within community enablements and re-branded as relationship management engagements, which should drive more strategic convos and further enable up-sells.
Cantor Fitzgerald
$170→$135
Buy
26.98%
Upside
Reiterated
09/23/25
TR | OpenAI - 4o
$117→$124
Hold
16.63%
Upside
Reiterated
08/19/25
AI Generated ArticleAI Generated Article
Northland Securities
$135
Hold
26.98%
Upside
Reiterated
07/31/25
Robert W. Baird
$159→$145
Hold
36.38%
Upside
Reiterated
07/31/25
Loop Capital Markets
$175→$120
Hold
12.87%
Upside
Downgraded
07/30/25
Piper Sandler
$198→$175
Hold
64.60%
Upside
Reiterated
02/11/25
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
D.A. Davidson
$125
Hold
17.57%
Upside
Reiterated
09/25/25
William Blair
―
Hold
―
Reiterated
09/24/25
Craig-Hallum
―
Buy
―
Reiterated
09/24/25
Needham
$160
Buy
50.49%
Upside
Reiterated
09/24/25
Morgan Stanley
$170
Buy
59.89%
Upside
Reiterated
09/23/25
SPS Commerce: Leveraging Network-Led Strategy and AI for Robust GrowthWe remain OW as growth concerns look overblown for this 20%+ FCF/share grower. Network-Led Growth. Our main takeaway from SPS Commerce's Investor Day was how management is augmenting its go-to-market strategy with a new network-led growth motion to unlock the next phase of growth. SPS Commerce will leverage the demand signals about their customers from their activities on the network to inform upsell and cross-sell opportunities as well as to prospect new customers. This motion is only possible because of the scale of SPS Commerce's network (300,000 trading partner relationships, $650 billion in transaction volume, 33 million product SKUs, 780 million documents). This makes the insights and data available on the network proprietary and something competitors cannot easily replicate.
Stifel Nicolaus
$165→$150
Buy
41.08%
Upside
Reiterated
09/23/25
Citi
$173→$166
Buy
56.13%
Upside
Reiterated
09/23/25
Strategic Growth and Profitability Potential Drive Buy Rating for SPS CommerceWe attended SPSC’s investor day, hosted at the Minneapolis headquarters, with a focus on leveraging their position as the world’s leading retail supply chain network to drive durable and profitable growth across the $11B TAM. As the product portfolio has expanded, SPSC looks to utilize network data to better target sales prospects, which we see as particularly relevant as rev recovery cross-sell starts to ramp into ’26. Performance management (from Traverse) has now been packaged within community enablements and re-branded as relationship management engagements, which should drive more strategic convos and further enable up-sells.
Cantor Fitzgerald
$170→$135
Buy
26.98%
Upside
Reiterated
09/23/25
TR | OpenAI - 4o
$117→$124
Hold
16.63%
Upside
Reiterated
08/19/25
AI Generated ArticleAI Generated Article
Northland Securities
$135
Hold
26.98%
Upside
Reiterated
07/31/25
Robert W. Baird
$159→$145
Hold
36.38%
Upside
Reiterated
07/31/25
Loop Capital Markets
$175→$120
Hold
12.87%
Upside
Downgraded
07/30/25
Piper Sandler
$198→$175
Hold
64.60%
Upside
Reiterated
02/11/25
Best Analysts Covering SPS Commerce
1 Month
xxx
Success Rate
12/22 ratings generated profit
Average Return
+3.05%
reiterated a xxx
rating 6 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 54.55% of your transactions generating a profit, with an average return of +3.05% per trade.
3 Months
xxx
Success Rate
11/22 ratings generated profit
Average Return
+2.57%
reiterated a xxx
rating 6 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 50.00% of your transactions generating a profit, with an average return of +2.57% per trade.
1 Year
Success Rate
13/22 ratings generated profit
Average Return
+12.66%
reiterated a buy rating 6 days ago
Copying Jeff Van Rhee's trades and holding each position for 1 Year would result in 59.09% of your transactions generating a profit, with an average return of +12.66% per trade.
2 Years
xxx
Success Rate
10/22 ratings generated profit
Average Return
+12.44%
reiterated a xxx
rating 6 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 45.45% of your transactions generating a profit, with an average return of +12.44% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
SPSC Analyst Recommendation Trends
Rating
May 25
Jun 25
Jul 25
Aug 25
Sep 25
Strong Buy
2
1
4
4
6
Buy
10
14
16
15
15
Hold
5
6
9
11
11
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
17
21
29
30
32
Each month's total comprises the sum of three months' worth of ratings.
SPSC Financial Forecast
SPSC Stock Forecast FAQ
What is SPSC’s average 12-month price target, according to analysts?
Based on analyst ratings, Sps Commerce’s 12-month average price target is 143.00.
What is SPSC’s upside potential, based on the analysts’ average price target?
Sps Commerce has 34.50% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is SPSC a Buy, Sell or Hold?
Sps Commerce has a consensus rating of Moderate Buy which is based on 6 buy ratings, 6 hold ratings and 0 sell ratings.
What is Sps Commerce’s price target?
The average price target for Sps Commerce is 143.00. This is based on 12 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $170.00 ,the lowest forecast is $120.00. The average price target represents 34.50% Increase from the current price of $106.32.
The highest analyst price target is $170.00 ,the lowest forecast is $120.00. The average price target represents 34.50% Increase from the current price of $106.32.
What do analysts say about Sps Commerce?
Sps Commerce’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 12 Wall Streets Analysts.
How can I buy shares of SPSC?
Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.