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SPS Commerce Analyst Ratings

SPSCNASDAQ
Logo brought to you by Benzinga Data
$129.06
0.400.31%
At close: -
$129.06
0.000.00%
After Hours: 4:00 PM EDT
Q1 2025 Earnings in 6 days from now on Thu Apr 24th, after the market close
Conference call scheduled in 6 days at 16:30 PM Click to view the webcast
Consensus Rating1
Buy
Highest Price Target1
$233.00
Lowest Price Target1
$165.00
Consensus Price Target1
$199.00

SPS Commerce Analyst Ratings and Price Targets | NASDAQ:SPSC | Benzinga

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.

Analyst Trends and Forecast
4
Jan
2
3
Feb
1
Mar
1
Apr
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
3.5
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

DA Davidson
Needham
Stifel
Baird
Piper Sandler

1calculated from analyst ratings

Analyst Ratings for SPS Commerce

Buy NowGet Alert
04/14/2025Buy Now35.6%DA Davidson
Gil Luria50%
$245 → $175MaintainsBuyGet Alert
03/26/2025Buy Now62.72%Needham
Scott Berg51%
$210 → $210ReiteratesBuy → BuyGet Alert
02/11/2025Buy Now54.97%Stifel
Parker Lane45%
$225 → $200MaintainsBuyGet Alert
02/11/2025Buy Now35.6%Baird
Joe Vruwink68%
$188 → $175MaintainsNeutralGet Alert
02/11/2025Buy Now35.6%Piper Sandler
Quinton Gabrielli11%
$198 → $175MaintainsNeutralGet Alert
02/11/2025Buy Now40.24%Northland Capital Markets
Nehal Chokshi62%
$209 → $181ReiteratesMarket Perform → Market PerformGet Alert
02/11/2025Buy Now62.72%Needham
Scott Berg51%
$230 → $210MaintainsBuyGet Alert
01/27/2025Buy Now80.54%Citigroup
George Kurosawa10%
$237 → $233MaintainsBuyGet Alert
01/15/2025Buy Now78.21%Needham
Scott Berg51%
$230 → $230ReiteratesBuy → BuyGet Alert
01/03/2025Buy Now74.34%Stifel
Parker Lane45%
$250 → $225MaintainsBuyGet Alert
01/03/2025Buy Now78.21%Needham
Scott Berg51%
$230 → $230ReiteratesBuy → BuyGet Alert
11/25/2024Buy Now53.42%Piper Sandler
Quinton Gabrielli11%
→ $198Initiates → NeutralGet Alert
10/28/2024Buy Now45.67%Baird
Joe Vruwink68%
$186 → $188MaintainsNeutralGet Alert
10/25/2024Buy Now93.71%Stifel
Parker Lane45%
$240 → $250MaintainsBuyGet Alert
10/25/2024Buy Now78.21%Needham
Scott Berg51%
$230 → $230ReiteratesBuy → BuyGet Alert
08/02/2024Buy Now78.21%Needham
Scott Berg51%
$230 → $230ReiteratesBuy → BuyGet Alert
07/29/2024Buy Now61.94%Northland Capital Markets
Nehal Chokshi62%
$205 → $209DowngradeOutperform → Market PerformGet Alert
07/26/2024Buy Now78.21%Craig-Hallum
Jeff Van Rhee65%
$210 → $230MaintainsBuyGet Alert
07/26/2024Buy Now74.34%Stifel
Tom Roderick81%
$200 → $225MaintainsBuyGet Alert
07/26/2024Buy Now85.96%DA Davidson
Gil Luria50%
$225 → $240MaintainsBuyGet Alert
07/26/2024Buy Now44.12%Baird
Joe Vruwink68%
$178 → $186MaintainsNeutralGet Alert
07/26/2024Buy Now78.21%Needham
Scott Berg51%
$205 → $230MaintainsBuyGet Alert
05/14/2024Buy Now70.46%Redburn Atlantic
Lachlan Brown24%
→ $220Initiates → BuyGet Alert
05/10/2024Buy Now58.84%Needham
Scott Berg51%
$205 → $205ReiteratesBuy → BuyGet Alert
05/10/2024Buy Now72.01%Citigroup
George Kurosawa10%
$213 → $222MaintainsBuyGet Alert
04/26/2024Buy Now58.84%Needham
Scott Berg51%
$205 → $205ReiteratesBuy → BuyGet Alert
04/26/2024Buy Now37.92%Baird
Joe Vruwink68%
$172 → $178MaintainsNeutralGet Alert
03/13/2024Buy Now67.36%Citigroup
George Kurosawa10%
→ $216Initiates → BuyGet Alert
02/09/2024Buy Now58.84%Needham
Scott Berg51%
$205 → $205ReiteratesBuy → BuyGet Alert
01/18/2024Buy Now58.84%Needham
Scott Berg51%
$205 → $205ReiteratesBuy → BuyGet Alert
11/14/2023Buy Now54.97%DA Davidson
Gil Luria50%
→ $200Initiates → BuyGet Alert
10/27/2023Buy Now37.15%Northland Capital Markets
Nehal Chokshi62%
$175 → $177UpgradeMarket Perform → OutperformGet Alert
09/19/2023Buy Now58.84%Needham
Scott Berg51%
→ $205ReiteratesBuy → BuyGet Alert
07/28/2023Buy Now54.97%Craig-Hallum
Jeff Van Rhee65%
$165 → $200MaintainsBuyGet Alert
07/28/2023Buy Now35.6%Northland Capital Markets
Nehal Chokshi62%
$151 → $175MaintainsMarket PerformGet Alert
07/28/2023Buy Now58.84%Needham
Scott Berg51%
→ $205ReiteratesBuy → BuyGet Alert
07/27/2023Buy Now58.84%Needham
Scott Berg51%
→ $205ReiteratesBuy → BuyGet Alert
07/07/2023Buy Now54.97%Stifel
Tom Roderick81%
$165 → $200MaintainsBuyGet Alert
07/07/2023Buy Now58.84%Needham
Scott Berg51%
→ $205ReiteratesBuy → BuyGet Alert
06/15/2023Buy Now58.84%Needham
Scott Berg51%
$160 → $205MaintainsBuyGet Alert
04/27/2023Buy Now27.85%Craig-Hallum
Jeff Van Rhee65%
$160 → $165MaintainsBuyGet Alert
04/27/2023Buy Now19.32%Northland Capital Markets
Nehal Chokshi62%
$151 → $154MaintainsMarket PerformGet Alert
04/27/2023Buy Now27.85%JMP Securities
Joe Goodwin56%
→ $165Reiterates → Market OutperformGet Alert
04/27/2023Buy Now23.97%Needham
Scott Berg51%
→ $160Reiterates → BuyGet Alert
03/06/2023Buy Now23.97%Needham
Scott Berg51%
→ $160Reiterates → BuyGet Alert
03/03/2023Buy Now23.97%Needham
Scott Berg51%
→ $160Reiterates → BuyGet Alert
02/10/2023Buy Now17%Northland Capital Markets
Nehal Chokshi62%
$148 → $151MaintainsMarket PerformGet Alert
02/10/2023Buy Now27.85%JMP Securities
Joe Goodwin56%
$150 → $165MaintainsMarket OutperformGet Alert
02/10/2023Buy Now23.97%Needham
Scott Berg51%
$150 → $160MaintainsBuyGet Alert
12/14/2022Buy Now17%Baird
Joe Vruwink68%
→ $151DowngradeOutperform → NeutralGet Alert
07/21/2022Buy Now16.23%Needham
Scott Berg51%
$200 → $150MaintainsBuyGet Alert

FAQ

Q

What is the target price for SPS Commerce (SPSC) stock?

A

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.

Q

What is the most recent analyst rating for SPS Commerce (SPSC)?

A

The latest analyst rating for SPS Commerce (NASDAQ:SPSC) was provided by DA Davidson, and SPS Commerce maintained their buy rating.

Q

When was the last upgrade for SPS Commerce (SPSC)?

A

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.

Q

When was the last downgrade for SPS Commerce (SPSC)?

A

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.

Q

When is the next analyst rating going to be posted or updated for SPS Commerce (SPSC)?

A

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.

Q

Is the Analyst Rating SPS Commerce (SPSC) correct?

A

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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