SPS Commerce Inc has a consensus price target of $199 based on the ratings of 11 analysts. The high is $233 issued by Citigroup on January 27, 2025. The low is $165 issued by JMP Securities on April 27, 2023. The 3 most-recent analyst ratings were released by DA Davidson, Needham, and Stifel on April 14, 2025, March 26, 2025, and February 11, 2025, respectively. With an average price target of $195 between DA Davidson, Needham, and Stifel, there's an implied 51.09% upside for SPS Commerce Inc from these most-recent analyst ratings.
1calculated from analyst ratings
Buy Now | Get Alert | |||||||
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04/14/2025 | Buy Now | 35.6% | DA Davidson | Gil Luria50% | $245 → $175 | Maintains | Buy | Get Alert |
03/26/2025 | Buy Now | 62.72% | Needham | Scott Berg51% | $210 → $210 | Reiterates | Buy → Buy | Get Alert |
02/11/2025 | Buy Now | 54.97% | Stifel | Parker Lane45% | $225 → $200 | Maintains | Buy | Get Alert |
02/11/2025 | Buy Now | 35.6% | Baird | Joe Vruwink68% | $188 → $175 | Maintains | Neutral | Get Alert |
02/11/2025 | Buy Now | 35.6% | Piper Sandler | Quinton Gabrielli11% | $198 → $175 | Maintains | Neutral | Get Alert |
02/11/2025 | Buy Now | 40.24% | Northland Capital Markets | Nehal Chokshi62% | $209 → $181 | Reiterates | Market Perform → Market Perform | Get Alert |
02/11/2025 | Buy Now | 62.72% | Needham | Scott Berg51% | $230 → $210 | Maintains | Buy | Get Alert |
01/27/2025 | Buy Now | 80.54% | Citigroup | George Kurosawa10% | $237 → $233 | Maintains | Buy | Get Alert |
01/15/2025 | Buy Now | 78.21% | Needham | Scott Berg51% | $230 → $230 | Reiterates | Buy → Buy | Get Alert |
01/03/2025 | Buy Now | 74.34% | Stifel | Parker Lane45% | $250 → $225 | Maintains | Buy | Get Alert |
01/03/2025 | Buy Now | 78.21% | Needham | Scott Berg51% | $230 → $230 | Reiterates | Buy → Buy | Get Alert |
11/25/2024 | Buy Now | 53.42% | Piper Sandler | Quinton Gabrielli11% | → $198 | Initiates | → Neutral | Get Alert |
10/28/2024 | Buy Now | 45.67% | Baird | Joe Vruwink68% | $186 → $188 | Maintains | Neutral | Get Alert |
10/25/2024 | Buy Now | 93.71% | Stifel | Parker Lane45% | $240 → $250 | Maintains | Buy | Get Alert |
10/25/2024 | Buy Now | 78.21% | Needham | Scott Berg51% | $230 → $230 | Reiterates | Buy → Buy | Get Alert |
08/02/2024 | Buy Now | 78.21% | Needham | Scott Berg51% | $230 → $230 | Reiterates | Buy → Buy | Get Alert |
07/29/2024 | Buy Now | 61.94% | Northland Capital Markets | Nehal Chokshi62% | $205 → $209 | Downgrade | Outperform → Market Perform | Get Alert |
07/26/2024 | Buy Now | 78.21% | Craig-Hallum | Jeff Van Rhee65% | $210 → $230 | Maintains | Buy | Get Alert |
07/26/2024 | Buy Now | 74.34% | Stifel | Tom Roderick81% | $200 → $225 | Maintains | Buy | Get Alert |
07/26/2024 | Buy Now | 85.96% | DA Davidson | Gil Luria50% | $225 → $240 | Maintains | Buy | Get Alert |
07/26/2024 | Buy Now | 44.12% | Baird | Joe Vruwink68% | $178 → $186 | Maintains | Neutral | Get Alert |
07/26/2024 | Buy Now | 78.21% | Needham | Scott Berg51% | $205 → $230 | Maintains | Buy | Get Alert |
05/14/2024 | Buy Now | 70.46% | Redburn Atlantic | Lachlan Brown24% | → $220 | Initiates | → Buy | Get Alert |
05/10/2024 | Buy Now | 58.84% | Needham | Scott Berg51% | $205 → $205 | Reiterates | Buy → Buy | Get Alert |
05/10/2024 | Buy Now | 72.01% | Citigroup | George Kurosawa10% | $213 → $222 | Maintains | Buy | Get Alert |
04/26/2024 | Buy Now | 58.84% | Needham | Scott Berg51% | $205 → $205 | Reiterates | Buy → Buy | Get Alert |
04/26/2024 | Buy Now | 37.92% | Baird | Joe Vruwink68% | $172 → $178 | Maintains | Neutral | Get Alert |
03/13/2024 | Buy Now | 67.36% | Citigroup | George Kurosawa10% | → $216 | Initiates | → Buy | Get Alert |
02/09/2024 | Buy Now | 58.84% | Needham | Scott Berg51% | $205 → $205 | Reiterates | Buy → Buy | Get Alert |
01/18/2024 | Buy Now | 58.84% | Needham | Scott Berg51% | $205 → $205 | Reiterates | Buy → Buy | Get Alert |
11/14/2023 | Buy Now | 54.97% | DA Davidson | Gil Luria50% | → $200 | Initiates | → Buy | Get Alert |
10/27/2023 | Buy Now | 37.15% | Northland Capital Markets | Nehal Chokshi62% | $175 → $177 | Upgrade | Market Perform → Outperform | Get Alert |
09/19/2023 | Buy Now | 58.84% | Needham | Scott Berg51% | → $205 | Reiterates | Buy → Buy | Get Alert |
07/28/2023 | Buy Now | 54.97% | Craig-Hallum | Jeff Van Rhee65% | $165 → $200 | Maintains | Buy | Get Alert |
07/28/2023 | Buy Now | 35.6% | Northland Capital Markets | Nehal Chokshi62% | $151 → $175 | Maintains | Market Perform | Get Alert |
07/28/2023 | Buy Now | 58.84% | Needham | Scott Berg51% | → $205 | Reiterates | Buy → Buy | Get Alert |
07/27/2023 | Buy Now | 58.84% | Needham | Scott Berg51% | → $205 | Reiterates | Buy → Buy | Get Alert |
07/07/2023 | Buy Now | 54.97% | Stifel | Tom Roderick81% | $165 → $200 | Maintains | Buy | Get Alert |
07/07/2023 | Buy Now | 58.84% | Needham | Scott Berg51% | → $205 | Reiterates | Buy → Buy | Get Alert |
06/15/2023 | Buy Now | 58.84% | Needham | Scott Berg51% | $160 → $205 | Maintains | Buy | Get Alert |
04/27/2023 | Buy Now | 27.85% | Craig-Hallum | Jeff Van Rhee65% | $160 → $165 | Maintains | Buy | Get Alert |
04/27/2023 | Buy Now | 19.32% | Northland Capital Markets | Nehal Chokshi62% | $151 → $154 | Maintains | Market Perform | Get Alert |
04/27/2023 | Buy Now | 27.85% | JMP Securities | Joe Goodwin56% | → $165 | Reiterates | → Market Outperform | Get Alert |
04/27/2023 | Buy Now | 23.97% | Needham | Scott Berg51% | → $160 | Reiterates | → Buy | Get Alert |
03/06/2023 | Buy Now | 23.97% | Needham | Scott Berg51% | → $160 | Reiterates | → Buy | Get Alert |
03/03/2023 | Buy Now | 23.97% | Needham | Scott Berg51% | → $160 | Reiterates | → Buy | Get Alert |
02/10/2023 | Buy Now | 17% | Northland Capital Markets | Nehal Chokshi62% | $148 → $151 | Maintains | Market Perform | Get Alert |
02/10/2023 | Buy Now | 27.85% | JMP Securities | Joe Goodwin56% | $150 → $165 | Maintains | Market Outperform | Get Alert |
02/10/2023 | Buy Now | 23.97% | Needham | Scott Berg51% | $150 → $160 | Maintains | Buy | Get Alert |
12/14/2022 | Buy Now | 17% | Baird | Joe Vruwink68% | → $151 | Downgrade | Outperform → Neutral | Get Alert |
07/21/2022 | Buy Now | 16.23% | Needham | Scott Berg51% | $200 → $150 | Maintains | Buy | Get Alert |
The latest price target for SPS Commerce (NASDAQ:SPSC) was reported by DA Davidson on April 14, 2025. The analyst firm set a price target for $175.00 expecting SPSC to rise to within 12 months (a possible 35.60% upside). 27 analyst firms have reported ratings in the last year.
The latest analyst rating for SPS Commerce (NASDAQ:SPSC) was provided by DA Davidson, and SPS Commerce maintained their buy rating.
The last upgrade for SPS Commerce Inc happened on October 27, 2023 when Northland Capital Markets raised their price target to $177. Northland Capital Markets previously had a market perform for SPS Commerce Inc.
The last downgrade for SPS Commerce Inc happened on July 29, 2024 when Northland Capital Markets changed their price target from $205 to $209 for SPS Commerce Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of SPS Commerce, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for SPS Commerce was filed on April 14, 2025 so you should expect the next rating to be made available sometime around April 14, 2026.
While ratings are subjective and will change, the latest SPS Commerce (SPSC) rating was a maintained with a price target of $245.00 to $175.00. The current price SPS Commerce (SPSC) is trading at is $129.06, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.
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