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$81.69
0.040.05%
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$81.69
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SPS Commerce Analyst Ratings and Price Targets | NASDAQ:SPSC | Benzinga
SPS Commerce Inc has a consensus price target of $145.63 based on the ratings of 16 analysts. The high is $230 issued by Craig-Hallum on July 26, 2024. The low is $80 issued by DA Davidson on October 31, 2025. The 3 most-recent analyst ratings were released by Morgan Stanley, Citigroup, and DA Davidson on November 11, 2025, October 31, 2025, and October 31, 2025, respectively. With an average price target of $96.67 between Morgan Stanley, Citigroup, and DA Davidson, there's an implied 18.33% upside for SPS Commerce Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Morgan Stanley
Citigroup
DA Davidson
Cantor Fitzgerald
Stifel
1calculated from analyst ratings
Analyst Ratings for SPS Commerce
Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
11/11/2025 | 22.41% | Morgan Stanley | $140 → $100 | Downgrade | Overweight → Equal-Weight | |||
10/31/2025 | 34.66% | Citigroup | $145 → $110 | Maintains | Buy | |||
10/31/2025 | -2.07% | DA Davidson | $125 → $80 | Maintains | Neutral | |||
10/31/2025 | -2.07% | Cantor Fitzgerald | $135 → $80 | Downgrade | Overweight → Neutral | |||
10/31/2025 | -2.07% | Stifel | $150 → $80 | Downgrade | Buy → Hold | |||
10/31/2025 | 34.66% | Needham | $160 → $110 | Maintains | Buy | |||
10/14/2025 | 71.38% | Morgan Stanley | $170 → $140 | Maintains | Overweight | |||
09/25/2025 | 53.02% | DA Davidson | $125 → $125 | Maintains | Neutral | |||
09/24/2025 | 65.26% | Cantor Fitzgerald | $170 → $135 | Maintains | Overweight | |||
09/24/2025 | 95.86% | Needham | $160 → $160 | Reiterates | Buy → Buy | |||
07/31/2025 | 53.02% | DA Davidson | $175 → $125 | Assumes | Buy → Neutral | |||
07/31/2025 | 46.9% | Loop Capital | $175 → $120 | Downgrade | Buy → Hold | |||
07/31/2025 | 101.98% | Stifel | $175 → $165 | Maintains | Buy | |||
07/31/2025 | 108.1% | Morgan Stanley | — | $180 → $170 | Maintains | Overweight | ||
07/31/2025 | 95.86% | Needham | $210 → $160 | Maintains | Buy | |||
07/14/2025 | 120.35% | Morgan Stanley | — | → $180 | Initiates | → Overweight | ||
06/03/2025 | 108.1% | Cantor Fitzgerald | → $170 | Initiates | → Overweight | |||
04/25/2025 | 94.64% | Baird | $154 → $159 | Maintains | Neutral | |||
04/25/2025 | 157.07% | Needham | $210 → $210 | Reiterates | Buy → Buy | |||
04/14/2025 | 114.22% | DA Davidson | $245 → $175 | Maintains | Buy | |||
03/26/2025 | 157.07% | Needham | $210 → $210 | Reiterates | Buy → Buy | |||
02/11/2025 | 144.83% | Stifel | $225 → $200 | Maintains | Buy | |||
02/11/2025 | 114.22% | Baird | $188 → $175 | Maintains | Neutral | |||
02/11/2025 | 114.22% | Piper Sandler | $198 → $175 | Maintains | Neutral | |||
02/11/2025 | 121.57% | Northland Capital Markets | $209 → $181 | Reiterates | Market Perform → Market Perform | |||
02/11/2025 | 157.07% | Needham | $230 → $210 | Maintains | Buy | |||
01/27/2025 | 185.22% | Citigroup | $237 → $233 | Maintains | Buy | |||
01/15/2025 | 181.55% | Needham | $230 → $230 | Reiterates | Buy → Buy | |||
01/03/2025 | 175.43% | Stifel | $250 → $225 | Maintains | Buy | |||
01/03/2025 | 181.55% | Needham | $230 → $230 | Reiterates | Buy → Buy | |||
11/25/2024 | 142.38% | Piper Sandler | → $198 | Initiates | → Neutral | |||
10/28/2024 | 130.14% | Baird | $186 → $188 | Maintains | Neutral | |||
10/25/2024 | 206.04% | Stifel | $240 → $250 | Maintains | Buy | |||
10/25/2024 | 181.55% | Needham | $230 → $230 | Reiterates | Buy → Buy | |||
08/02/2024 | 181.55% | Needham | $230 → $230 | Reiterates | Buy → Buy | |||
07/29/2024 | 155.85% | Northland Capital Markets | $205 → $209 | Downgrade | Outperform → Market Perform | |||
07/26/2024 | 181.55% | Craig-Hallum | $210 → $230 | Maintains | Buy | |||
07/26/2024 | 175.43% | Stifel | $200 → $225 | Maintains | Buy | |||
07/26/2024 | 193.79% | DA Davidson | $225 → $240 | Maintains | Buy | |||
07/26/2024 | 127.69% | Baird | $178 → $186 | Maintains | Neutral | |||
07/26/2024 | 181.55% | Needham | $205 → $230 | Maintains | Buy | |||
05/14/2024 | 169.31% | Redburn Atlantic | → $220 | Initiates | → Buy | |||
05/10/2024 | 150.95% | Needham | $205 → $205 | Reiterates | Buy → Buy | |||
05/10/2024 | 171.76% | Citigroup | $213 → $222 | Maintains | Buy | |||
04/26/2024 | 150.95% | Needham | $205 → $205 | Reiterates | Buy → Buy | |||
04/26/2024 | 117.9% | Baird | $172 → $178 | Maintains | Neutral | |||
03/13/2024 | 164.41% | Citigroup | → $216 | Initiates | → Buy | |||
02/09/2024 | 150.95% | Needham | $205 → $205 | Reiterates | Buy → Buy | |||
01/18/2024 | 150.95% | Needham | $205 → $205 | Reiterates | Buy → Buy | |||
11/14/2023 | 144.83% | DA Davidson | → $200 | Initiates | → Buy | |||
10/27/2023 | 116.67% | Northland Capital Markets | $175 → $177 | Upgrade | Market Perform → Outperform | |||
09/19/2023 | 150.95% | Needham | → $205 | Reiterates | Buy → Buy | |||
07/28/2023 | 144.83% | Craig-Hallum | $165 → $200 | Maintains | Buy | |||
07/28/2023 | 114.22% | Northland Capital Markets | $151 → $175 | Maintains | Market Perform | |||
07/28/2023 | 150.95% | Needham | → $205 | Reiterates | Buy → Buy | |||
07/27/2023 | 150.95% | Needham | → $205 | Reiterates | Buy → Buy | |||
07/07/2023 | 144.83% | Stifel | $165 → $200 | Maintains | Buy | |||
07/07/2023 | 150.95% | Needham | → $205 | Reiterates | Buy → Buy | |||
06/15/2023 | 150.95% | Needham | $160 → $205 | Maintains | Buy | |||
04/27/2023 | 101.98% | Craig-Hallum | $160 → $165 | Maintains | Buy | |||
04/27/2023 | 88.52% | Northland Capital Markets | $151 → $154 | Maintains | Market Perform | |||
04/27/2023 | 101.98% | JMP Securities | → $165 | Reiterates | → Market Outperform | |||
04/27/2023 | 95.86% | Needham | → $160 | Reiterates | → Buy | |||
03/06/2023 | 95.86% | Needham | → $160 | Reiterates | → Buy | |||
03/03/2023 | 95.86% | Needham | → $160 | Reiterates | → Buy | |||
02/10/2023 | 84.85% | Northland Capital Markets | $148 → $151 | Maintains | Market Perform | |||
02/10/2023 | 101.98% | JMP Securities | $150 → $165 | Maintains | Market Outperform | |||
02/10/2023 | 95.86% | Needham | $150 → $160 | Maintains | Buy | |||
12/14/2022 | 84.85% | Baird | → $151 | Downgrade | Outperform → Neutral |
FAQ
What is the target price for SPS Commerce (SPSC) stock?
The latest price target for SPS Commerce (NASDAQ:SPSC) was reported by Morgan Stanley on November 11, 2025. The analyst firm set a price target for $100.00 expecting SPSC to rise to within 12 months (a possible 22.41% upside). 31 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for SPS Commerce (SPSC)?
The latest analyst rating for SPS Commerce (NASDAQ:SPSC) was provided by Morgan Stanley, and SPS Commerce downgraded their equal-weight rating.
When was the last upgrade for SPS Commerce (SPSC)?
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.
When was the last downgrade for SPS Commerce (SPSC)?
The last downgrade for SPS Commerce Inc happened on November 11, 2025 when Morgan Stanley changed their price target from $140 to $100 for SPS Commerce Inc.
When is the next analyst rating going to be posted or updated for SPS Commerce (SPSC)?
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 November 11, 2025 so you should expect the next rating to be made available sometime around November 11, 2026.
Is the Analyst Rating SPS Commerce (SPSC) correct?
While ratings are subjective and will change, the latest SPS Commerce (SPSC) rating was a downgraded with a price target of $140.00 to $100.00. The current price SPS Commerce (SPSC) is trading at is $81.69, which is out of the analyst’s predicted range.
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