What 5 Analyst Ratings Have To Say About SPS Commerce
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 5 analysts have published their opinion on SPS Commerce (NASDAQ:SPSC) stock, with an average price target of $169.8, implying downside compared to the current price of $179.42. The average price target has increased by 8.15% over the past month.
June 15, 2023 | 12:06 pm
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5 analysts have published their opinion on SPS Commerce (NASDAQ:SPSC) stock, with an average price target of $169.8, implying downside compared to the current price of $179.42. The average price target has increased by 8.15% over the past month.
The average price target of $169.8 for SPS Commerce stock implies a downside compared to the current price of $179.42. This suggests that analysts believe the stock is overvalued at its current price. The increase in the average price target by 8.15% over the past month indicates that analysts have become more optimistic about the stock's future performance, but it still remains below the current price. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100