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SPS Commerce (SPSC) Stock Forecast & Price Target

SPS Commerce (SPSC) Analyst Ratings

Based on 15 analyst ratings
Buy
Strong Buy 53%
Buy 27%
Hold 20%
Sell 0%
Strong Sell 0%

Bulls say

SPS Commerce Inc. demonstrated robust financial performance with a total revenue increase of 17.9% year-over-year, marking the 96th consecutive quarter of growth, and a significant 19% growth in recurring revenue. The company also reported a notable increase in wallet share per recurring customer, which grew 18% year-over-year to reach $14,300, indicating enhanced customer engagement and service utilization. Furthermore, SPS Commerce's operating cash flow improved by $7.8 million year-over-year to $40.6 million, reflecting a margin increase from 22.6% to 23.7%, underscoring the overall operational efficiency and financial strength of the business.

Bears say

SPS Commerce Inc. is experiencing a negative outlook due to a significant reduction in projected long-term revenue growth, with estimates now anticipated to decline from an average of 15% between CY22 to CY24 to a range of 11% to 13% for CY25, reflecting concerns over stagnant customer acquisition rates. This decline has resulted in a downward revision of the terminal period revenue estimate from $3.2 billion to $2.7 billion, and a recent quarter’s performance highlighted a sharp drop in net customer additions, totaling only 300 for CY24 compared to the previous five-year average of 1,900. Additionally, expected declines in average revenue per user (ARPU) and risks associated with technological adaptability further contribute to the pessimistic outlook for SPS Commerce’s stock.

SPS Commerce (SPSC) has been analyzed by 15 analysts, with a consensus rating of Buy. 53% of analysts recommend a Strong Buy, 27% recommend Buy, 20% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of SPS Commerce and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About SPS Commerce (SPSC) Forecast

Analysts have given SPS Commerce (SPSC) a Buy based on their latest research and market trends.

According to 15 analysts, SPS Commerce (SPSC) has a Buy consensus rating as of Jul 26, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $163.47, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $163.47, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

SPS Commerce (SPSC)


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