Northland Capital Markets Downgrades SPS Commerce to Market Perform, Raises Price Target to $209
Portfolio Pulse from Benzinga Newsdesk
Northland Capital Markets has downgraded SPS Commerce (NASDAQ:SPSC) from Outperform to Market Perform, while raising the price target from $205 to $209.
July 29, 2024 | 5:37 pm
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Northland Capital Markets downgraded SPS Commerce from Outperform to Market Perform, but raised the price target from $205 to $209.
The downgrade from Outperform to Market Perform suggests a less optimistic outlook on the stock's performance, which could lead to a short-term negative impact on the stock price. However, the raised price target to $209 indicates some underlying positive factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100