Key Takeaways From SPS Commerce Analyst Ratings
Portfolio Pulse from Benzinga Insights
SPS Commerce (NASDAQ:SPSC) has received mixed analyst ratings over the past three months, with an updated average 12-month price target of $201.0, reflecting a 16.86% increase from the previous target of $172.00. Analysts from Baird, Needham, and Citigroup have adjusted their ratings and price targets, indicating a generally positive outlook. SPS Commerce, a provider of cloud-based supply chain management services, has shown a revenue growth of 18.81% and maintains strong financial metrics such as a high net margin of 13.11% and an ROE of 2.94%, despite a market capitalization below industry averages.
April 26, 2024 | 3:00 pm
News sentiment analysis
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SPS Commerce has received updated analyst ratings with a higher average price target, indicating a positive outlook based on strong financial performance and revenue growth.
The increase in the average price target by analysts from Baird, Needham, and Citigroup reflects a positive sentiment towards SPS Commerce's future stock performance. The company's strong financial metrics, including a significant revenue growth rate and high net margin, support this optimistic outlook. Given the recent updates and the company's performance, there is a high likelihood of a positive short-term impact on SPSC's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100