Needham Reiterates Buy on SPS Commerce, Maintains $205 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Scott Berg has reiterated a 'Buy' rating on SPS Commerce (NASDAQ:SPSC) and maintained a price target of $205.
July 27, 2023 | 8:42 am
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POSITIVE IMPACT
SPS Commerce's stock rating has been reiterated as 'Buy' by Needham analyst Scott Berg, with a maintained price target of $205.
The reiteration of a 'Buy' rating by a reputable analyst like Scott Berg from Needham is a positive signal for investors. The maintained price target of $205 indicates that the analyst believes the stock has potential for growth. This could lead to increased investor confidence and potentially a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100