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SPSC
Volume: 379.52K

SPS Commerce (SPSC) Stock Forecast & Price Target

SPS Commerce (SPSC) Analyst Ratings

Based on 7 analyst ratings
Hold
Strong Buy 29%
Buy 0%
Hold 57%
Sell 14%
Strong Sell 0%

Bulls say

SPS Commerce is supported by a durable subscription-based supply chain platform, a strong free-cash-flow profile, and a broad install base that gives it multiple paths to reaccelerate growth through cross-sell, rising ARPU, and AI monetization. Management’s view that enablement campaigns are rebounding, retention is improving, and tariff-related headwinds are fading supports a return to high single-digit growth, while the rollout of Max to 40k customers and agentic onboarding could expand margins and shorten sales cycles. Despite the 1Q revenue of $192.1M and a 54.2K recurring customer base that dipped by 400, adjusted EBITDA margin of 30% and 70.8% adjusted gross margin show resilient profitability and reinforce the company’s long-term operating leverage.

Bears say

SPS Commerce is facing a deteriorating fundamental setup as 2025 tariff swings delayed new deals, forced customers to right-size contracts, and contributed to the loss of 250 net but small customers in 2Q. Management has now cut the 2026 revenue guide to $796M-$802M, below consensus and after multiple resets over the past four quarters, reflecting only 6-7% Y/Y growth and weaker confidence in new logo momentum and attrition improvement. With growth increasingly dependent on upsell, acquisitions, and expansion into new geographies while spending about 10% of revenues on R&D, the company appears vulnerable to execution risk and limited near-term upside in customer growth.

SPS Commerce (SPSC) has been analyzed by 7 analysts, with a consensus rating of Hold. 29% of analysts recommend a Strong Buy, 0% recommend Buy, 57% suggest Holding, 14% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of SPS Commerce and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About SPS Commerce (SPSC) Forecast

Analysts have given SPS Commerce (SPSC) a Hold based on their latest research and market trends.

According to 7 analysts, SPS Commerce (SPSC) has a Hold consensus rating as of Oct 10, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $70.86, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $70.86, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

SPS Commerce (SPSC)

Volume: 379.52K

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