SPS Commerce, Inc.SPSCNASDAQ
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Analyst Sentiment

Analysts lean bullish — 48% recommend buying.

Consensus Rating
Buy
21 analysts·High coverage
48%
Rating Distribution
Strong Buy
210%
Buy
838%
Hold
1152%
Sell
00%
Strong Sell
00%

Analyst ratings reflect Wall Street opinion, not guarantees. Historical accuracy varies by firm and sector.

Price Target Expectations

Analysts see modest upside — consensus target 6% higher.

Bear Case
$80.00
-10%
Consensus
$94.71
+6%
Bull Case
$110.00
+23%
Price Range21 analysts
Low
Consensus
High
$80.00
$110.00
Current Target
Current Price
$89.26
Upside to Target
$5.45

Price targets are 12-month forecasts. Actual results depend on earnings, market conditions, and sector trends.

Earnings & Revenue Estimates

Earnings Surprises

Recent Analyst Actions

Nov 11, 2025Morgan Stanley
SPS Commerce downgraded to Equal Weight from Overweight at Morgan Stanley
Target:$100.00
+22.5%from $81.65
Oct 31, 2025Northland Securities
SPS Commerce upgraded to Outperform from Market Perform at Northland
Target:$109.00
+35.5%from $80.43
Oct 31, 2025Robert W. Baird
SPS Commerce price target lowered to $104 from $145 at Baird
Target:$104.00
+35.0%from $77.06
Oct 31, 2025D.A. Davidson
SPS Commerce price target lowered to $80 from $125 at DA Davidson
Target:$80.00
-23.0%from $103.89
Oct 31, 2025Needham
SPS Commerce (SPSC) PT Lowered to $110 at Needham
Target:$110.00
+5.9%from $103.89
Oct 31, 2025Cantor Fitzgerald
SPS Commerce downgraded to Neutral from Overweight at Cantor Fitzgerald
Target:$80.00
-23.0%from $103.89
Oct 31, 2025Stifel Nicolaus
SPS Commerce downgraded to Hold from Buy at Stifel
Target:$80.00
-23.0%from $103.89
Oct 14, 2025Morgan Stanley
SPS Commerce price target lowered to $140 from $170 at Morgan Stanley
Target:$140.00
+29.5%from $108.09
Sep 30, 2025Northland Securities
SPS Commerce price target lowered to $125 from $135 at Northland
Target:$125.00
+19.0%from $105.05
Jul 31, 2025Loop Capital Markets
SPS Commerce downgraded to Hold from Buy at Loop Capital
Target:$120.00
-14.0%from $139.56
Apr 25, 2025Robert W. Baird
SPS Commerce price target raised to $159 from $154 at Baird
Target:$159.00
+15.4%from $137.81
Oct 28, 2024Robert W. Baird
SPS Commerce (SPSC) PT Raised to $188 at Baird
Target:$188.00
+8.9%from $172.59
Sep 10, 2024Loop Capital Markets
Loop Capital Reiterates Buy Rating on SPS Commerce (SPSC)
Target:$230.00
+24.4%from $184.85
Jul 29, 2024Northland Securities
SPS Commerce downgraded to Market Perform from Outperform at Northland
Target:$209.00
+0.3%from $208.28
Jul 26, 2024Needham
SPS Commerce (SPSC) PT Raised to $230 at Needham
Target:$230.00
+10.0%from $209.00
May 14, 2024Redburn Partners
SPS Commerce initiated with a Buy at Redburn Atlantic
Target:$220.00
+14.2%from $192.60
Jun 15, 2023Needham
SPS Commerce Is Resilient Amid Economic Slowdown: Analyst
Target:$205.00
+13.6%from $180.39
Jul 21, 2022Needham
SPS Commerce price target lowered to $150 from $200 at Needham
Target:$150.00
+30.2%from $115.25