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SPS Commerce Analyst Ratings

SPSCNASDAQ
Logo brought to you by Benzinga Data
$142.09
-1.42-0.99%
At close: -
$142.09
0.000.00%
After Hours: 4:00 PM EDT
Consensus Rating1
Buy
Highest Price Target1
$233.00
Lowest Price Target1
$159.00
Consensus Price Target1
$197.55

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

SPS Commerce Inc has a consensus price target of $197.55 based on the ratings of 11 analysts. The high is $233 issued by Citigroup on January 27, 2025. The low is $159 issued by Baird on April 25, 2025. The 3 most-recent analyst ratings were released by Baird, Needham, and DA Davidson on April 25, 2025, April 25, 2025, and April 14, 2025, respectively. With an average price target of $181.33 between Baird, Needham, and DA Davidson, there's an implied 27.62% upside for SPS Commerce Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
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Nov 24
4
Jan
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3
Feb
1
Mar
2
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

Baird
Needham
DA Davidson
Stifel
Piper Sandler

1calculated from analyst ratings

Analyst Ratings for SPS Commerce

Buy NowGet Alert
04/25/2025Buy Now11.9%Baird
Joe Vruwink72%
$154 → $159MaintainsNeutralGet Alert
04/25/2025Buy Now47.79%Needham
Scott Berg52%
$210 → $210ReiteratesBuy → BuyGet Alert
04/14/2025Buy Now23.16%DA Davidson
Gil Luria56%
$245 → $175MaintainsBuyGet Alert
03/26/2025Buy Now47.79%Needham
Scott Berg52%
$210 → $210ReiteratesBuy → BuyGet Alert
02/11/2025Buy Now40.76%Stifel
Parker Lane48%
$225 → $200MaintainsBuyGet Alert
02/11/2025Buy Now23.16%Baird
Joe Vruwink72%
$188 → $175MaintainsNeutralGet Alert
02/11/2025Buy Now23.16%Piper Sandler
Quinton Gabrielli24%
$198 → $175MaintainsNeutralGet Alert
02/11/2025Buy Now27.38%Northland Capital Markets
Nehal Chokshi62%
$209 → $181ReiteratesMarket Perform → Market PerformGet Alert
02/11/2025Buy Now47.79%Needham
Scott Berg52%
$230 → $210MaintainsBuyGet Alert
01/27/2025Buy Now63.98%Citigroup
George Kurosawa10%
$237 → $233MaintainsBuyGet Alert
01/15/2025Buy Now61.87%Needham
Scott Berg52%
$230 → $230ReiteratesBuy → BuyGet Alert
01/03/2025Buy Now58.35%Stifel
Parker Lane48%
$250 → $225MaintainsBuyGet Alert
01/03/2025Buy Now61.87%Needham
Scott Berg52%
$230 → $230ReiteratesBuy → BuyGet Alert
11/25/2024Buy Now39.35%Piper Sandler
Quinton Gabrielli24%
→ $198Initiates → NeutralGet Alert
10/28/2024Buy Now32.31%Baird
Joe Vruwink72%
$186 → $188MaintainsNeutralGet Alert
10/25/2024Buy Now75.94%Stifel
Parker Lane48%
$240 → $250MaintainsBuyGet Alert
10/25/2024Buy Now61.87%Needham
Scott Berg52%
$230 → $230ReiteratesBuy → BuyGet Alert
08/02/2024Buy Now61.87%Needham
Scott Berg52%
$230 → $230ReiteratesBuy → BuyGet Alert
07/29/2024Buy Now47.09%Northland Capital Markets
Nehal Chokshi62%
$205 → $209DowngradeOutperform → Market PerformGet Alert
07/26/2024Buy Now61.87%Craig-Hallum
Jeff Van Rhee68%
$210 → $230MaintainsBuyGet Alert
07/26/2024Buy Now58.35%Stifel
Tom Roderick81%
$200 → $225MaintainsBuyGet Alert
07/26/2024Buy Now68.91%DA Davidson
Gil Luria56%
$225 → $240MaintainsBuyGet Alert
07/26/2024Buy Now30.9%Baird
Joe Vruwink72%
$178 → $186MaintainsNeutralGet Alert
07/26/2024Buy Now61.87%Needham
Scott Berg52%
$205 → $230MaintainsBuyGet Alert
05/14/2024Buy Now54.83%Redburn Atlantic
Lachlan Brown30%
→ $220Initiates → BuyGet Alert
05/10/2024Buy Now44.27%Needham
Scott Berg52%
$205 → $205ReiteratesBuy → BuyGet Alert
05/10/2024Buy Now56.24%Citigroup
George Kurosawa10%
$213 → $222MaintainsBuyGet Alert
04/26/2024Buy Now44.27%Needham
Scott Berg52%
$205 → $205ReiteratesBuy → BuyGet Alert
04/26/2024Buy Now25.27%Baird
Joe Vruwink72%
$172 → $178MaintainsNeutralGet Alert
03/13/2024Buy Now52.02%Citigroup
George Kurosawa10%
→ $216Initiates → BuyGet Alert
02/09/2024Buy Now44.27%Needham
Scott Berg52%
$205 → $205ReiteratesBuy → BuyGet Alert
01/18/2024Buy Now44.27%Needham
Scott Berg52%
$205 → $205ReiteratesBuy → BuyGet Alert
11/14/2023Buy Now40.76%DA Davidson
Gil Luria56%
→ $200Initiates → BuyGet Alert
10/27/2023Buy Now24.57%Northland Capital Markets
Nehal Chokshi62%
$175 → $177UpgradeMarket Perform → OutperformGet Alert
09/19/2023Buy Now44.27%Needham
Scott Berg52%
→ $205ReiteratesBuy → BuyGet Alert
07/28/2023Buy Now40.76%Craig-Hallum
Jeff Van Rhee68%
$165 → $200MaintainsBuyGet Alert
07/28/2023Buy Now23.16%Northland Capital Markets
Nehal Chokshi62%
$151 → $175MaintainsMarket PerformGet Alert
07/28/2023Buy Now44.27%Needham
Scott Berg52%
→ $205ReiteratesBuy → BuyGet Alert
07/27/2023Buy Now44.27%Needham
Scott Berg52%
→ $205ReiteratesBuy → BuyGet Alert
07/07/2023Buy Now40.76%Stifel
Tom Roderick81%
$165 → $200MaintainsBuyGet Alert
07/07/2023Buy Now44.27%Needham
Scott Berg52%
→ $205ReiteratesBuy → BuyGet Alert
06/15/2023Buy Now44.27%Needham
Scott Berg52%
$160 → $205MaintainsBuyGet Alert
04/27/2023Buy Now16.12%Craig-Hallum
Jeff Van Rhee68%
$160 → $165MaintainsBuyGet Alert
04/27/2023Buy Now8.38%Northland Capital Markets
Nehal Chokshi62%
$151 → $154MaintainsMarket PerformGet Alert
04/27/2023Buy Now16.12%JMP Securities
Joe Goodwin56%
→ $165Reiterates → Market OutperformGet Alert
04/27/2023Buy Now12.6%Needham
Scott Berg52%
→ $160Reiterates → BuyGet Alert
03/06/2023Buy Now12.6%Needham
Scott Berg52%
→ $160Reiterates → BuyGet Alert
03/03/2023Buy Now12.6%Needham
Scott Berg52%
→ $160Reiterates → BuyGet Alert
02/10/2023Buy Now6.27%Northland Capital Markets
Nehal Chokshi62%
$148 → $151MaintainsMarket PerformGet Alert
02/10/2023Buy Now16.12%JMP Securities
Joe Goodwin56%
$150 → $165MaintainsMarket OutperformGet Alert
02/10/2023Buy Now12.6%Needham
Scott Berg52%
$150 → $160MaintainsBuyGet Alert
12/14/2022Buy Now6.27%Baird
Joe Vruwink72%
→ $151DowngradeOutperform → NeutralGet Alert
07/21/2022Buy Now5.57%Needham
Scott Berg52%
$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 Baird on April 25, 2025. The analyst firm set a price target for $159.00 expecting SPSC to rise to within 12 months (a possible 11.90% 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 Baird, and SPS Commerce maintained their neutral 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 25, 2025 so you should expect the next rating to be made available sometime around April 25, 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 $154.00 to $159.00. The current price SPS Commerce (SPSC) is trading at is $142.09, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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