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Sps Commerce (SPSC)
NASDAQ:SPSC
SPSC Analyst Ratings
Moderate Buy
4 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
$99.78
▲(19.50% Upside)
| Highest Price Target$125.00 | Average Price Target$99.78 | Lowest Price Target$80.00 |
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
Morgan Stanley
$140→$100
Hold
19.76%
Upside
Downgraded
11/11/25
SPS Commerce: Hold Rating Amid Macroeconomic Challenges and Constrained GrowthWe also expect margin expansion to continue to surprise to the upside. However, we have adjusted our view on the durability of growth, at least in the near-term, as tariffs and the challenging macro environment for their key end markets have led to spend scrutiny, resulting in suppliers downselling through fewer retailer connections and lower document volumes through their monthly contracts, as well as retailers pushing out enablement campaigns as their near-term growth expectations were too optimistic. Frankly, we did not fully appreciate how macro sensitive growth can be. As such, we now see growth in the near-term being constrained to the low-end of management's high- single digit target.
Northland Securities
$125→$109
Buy
30.54%
Upside
Upgraded
10/31/25
Robert W. Baird
$145→$104
Hold
24.55%
Upside
Reiterated
10/31/25
Craig-Hallum
$125
Buy
49.70%
Upside
Reiterated
10/31/25
William Blair
―
Hold
―
Reiterated
10/31/25
D.A. Davidson
$125→$80
Hold
-4.19%
Downside
Reiterated
10/31/25
Citi
$145→$110
Buy
31.74%
Upside
Reiterated
10/31/25
Stifel Nicolaus
$150→$80
Hold
-4.19%
Downside
Downgraded
10/31/25
Needham
$160→$110
Buy
31.74%
Upside
Reiterated
10/31/25
Cantor Fitzgerald
$135→$80
Hold
-4.19%
Downside
Downgraded
10/30/25
Loop Capital Markets
$175→$120
Hold
43.71%
Upside
Downgraded
07/30/25
Piper Sandler
$198→$175
Hold
109.58%
Upside
Reiterated
02/11/25
Analyst Type
Any
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
Morgan Stanley
$140→$100
Hold
19.76%
Upside
Downgraded
11/11/25
SPS Commerce: Hold Rating Amid Macroeconomic Challenges and Constrained GrowthWe also expect margin expansion to continue to surprise to the upside. However, we have adjusted our view on the durability of growth, at least in the near-term, as tariffs and the challenging macro environment for their key end markets have led to spend scrutiny, resulting in suppliers downselling through fewer retailer connections and lower document volumes through their monthly contracts, as well as retailers pushing out enablement campaigns as their near-term growth expectations were too optimistic. Frankly, we did not fully appreciate how macro sensitive growth can be. As such, we now see growth in the near-term being constrained to the low-end of management's high- single digit target.
Northland Securities
$125→$109
Buy
30.54%
Upside
Upgraded
10/31/25
Robert W. Baird
$145→$104
Hold
24.55%
Upside
Reiterated
10/31/25
Craig-Hallum
$125
Buy
49.70%
Upside
Reiterated
10/31/25
William Blair
―
Hold
―
Reiterated
10/31/25
D.A. Davidson
$125→$80
Hold
-4.19%
Downside
Reiterated
10/31/25
Citi
$145→$110
Buy
31.74%
Upside
Reiterated
10/31/25
Stifel Nicolaus
$150→$80
Hold
-4.19%
Downside
Downgraded
10/31/25
Needham
$160→$110
Buy
31.74%
Upside
Reiterated
10/31/25
Cantor Fitzgerald
$135→$80
Hold
-4.19%
Downside
Downgraded
10/30/25
Loop Capital Markets
$175→$120
Hold
43.71%
Upside
Downgraded
07/30/25
Piper Sandler
$198→$175
Hold
109.58%
Upside
Reiterated
02/11/25
Best Analysts Covering SPS Commerce
1 Month
xxx
Success Rate
12/22 ratings generated profit
Average Return
-0.30%
reiterated a xxx
rating last month
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 -0.30% per trade.
3 Months
xxx
Success Rate
11/24 ratings generated profit
Average Return
+0.10%
reiterated a xxx
rating last month
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 45.83% of your transactions generating a profit, with an average return of +0.10% per trade.
1 Year
Success Rate
13/24 ratings generated profit
Average Return
+7.02%
reiterated a buy rating last month
Copying Jeff Van Rhee's trades and holding each position for 1 Year would result in 54.17% of your transactions generating a profit, with an average return of +7.02% per trade.
2 Years
xxx
Success Rate
10/24 ratings generated profit
Average Return
+3.60%
reiterated a xxx
rating last month
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 41.67% of your transactions generating a profit, with an average return of +3.60% 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
Jul 25
Aug 25
Sep 25
Oct 25
Nov 25
Strong Buy
4
4
6
3
3
Buy
16
15
15
12
12
Hold
9
11
12
11
10
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
29
30
33
26
25
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 99.78.
What is SPSC’s upside potential, based on the analysts’ average price target?
Sps Commerce has 19.50% 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 4 buy ratings, 6 hold ratings and 0 sell ratings.
What is Sps Commerce’s price target?
The average price target for Sps Commerce is 99.78. This is based on 10 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $125.00 ,the lowest forecast is $80.00. The average price target represents 19.50% Increase from the current price of $83.5.
The highest analyst price target is $125.00 ,the lowest forecast is $80.00. The average price target represents 19.50% Increase from the current price of $83.5.
What do analysts say about Sps Commerce?
Sps Commerce’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 10 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.