DA Davidson Initiates Coverage On SPS Commerce with Buy Rating, Announces Price Target of $200
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Gil Luria has initiated coverage on SPS Commerce (NASDAQ:SPSC) with a Buy rating and set a price target of $200 for the company's stock.
November 14, 2023 | 9:13 am
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POSITIVE IMPACT
SPS Commerce receives a Buy rating from DA Davidson with a price target of $200, indicating a positive outlook from the analyst.
Analyst ratings, especially initiations of coverage with a Buy rating, can have a significant positive impact on a company's stock price in the short term. The price target of $200 suggests a substantial upside potential from the current trading price, which could attract investor interest and drive up the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100