SPS Commerce (SPSC) Stock Forecast, Price Target & Predictions
SPSC Stock Forecast
SPS Commerce stock forecast is as follows: an average price target of $215.40 (represents a 21.33% upside from SPSC’s last price of $177.53) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
SPSC Price Target
The average price target for SPS Commerce (SPSC) is $215.40 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $230.00 to $188.00. This represents a potential 21.33% upside from SPSC's last price of $177.53.
SPSC Analyst Ratings
According to 3 Wall Street analysts, SPS Commerce's rating consensus is 'Buy'. The analyst rating breakdown for SPSC stock is 0 'Strong Buy' (0.00%), 3 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
SPS Commerce Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 28, 2024 | Joe Vruwink | Robert W. Baird | $188.00 | $172.59 | 8.93% | 5.90% |
| Sep 10, 2024 | Mark Schappel | Loop Capital Markets | $230.00 | $184.85 | 24.43% | 29.56% |
| Jul 29, 2024 | Nehal Chokshi | Northland Securities | $209.00 | $208.28 | 0.35% | 17.73% |
| Jul 26, 2024 | Scott Berg | Needham | $230.00 | $209.00 | 10.05% | 29.56% |
| May 14, 2024 | Lachlan Brown | Redburn Partners | $220.00 | $192.60 | 14.23% | 23.92% |
| Jun 15, 2023 | Scott Berg | Needham | $205.00 | $180.39 | 13.64% | 15.47% |
| Jul 21, 2022 | Scott Berg | Needham | $150.00 | $115.25 | 30.15% | -15.51% |
The latest SPS Commerce stock forecast, released on Oct 28, 2024 by Joe Vruwink from Robert W. Baird, set a price target of $188.00, which represents a 8.93% increase from the stock price at the time of the forecast ($172.59), and a 5.90% increase from SPSC last price ($177.53).
SPS Commerce Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 2 | 5 |
| Avg Price Target | $188.00 | $209.00 | $215.40 |
| Last Closing Price | $177.53 | $177.53 | $177.53 |
| Upside/Downside | 5.90% | 17.73% | 21.33% |
In the current month, the average price target of SPS Commerce stock is $188.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 5.90% increase as opposed to SPS Commerce's last price of $177.53. This month's average price target is down -10.05% compared to last quarter, and down -12.72% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 10, 2024 | Loop Capital Markets | Buy | Buy | Hold |
| Jul 26, 2024 | Needham | Buy | Buy | Hold |
| Jul 26, 2024 | Craig-Hallum | Buy | Buy | Hold |
| Jul 26, 2024 | Loop Capital Markets | Buy | Buy | Hold |
| May 14, 2024 | Needham | Buy | Buy | Hold |
| May 14, 2024 | Citigroup | Underperform | Underperform | Hold |
| May 10, 2024 | Citigroup | Buy | Buy | Hold |
| Jun 15, 2023 | Needham | Buy | Buy | Hold |
| Jul 21, 2022 | Needham | Buy | Buy | Hold |
SPS Commerce's last stock rating was published by Loop Capital Markets on Sep 10, 2024. The company gave SPSC a "Buy" rating, the same as its previous rate.
SPS Commerce Financial Forecast
SPS Commerce Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $144.97M | - | $130.42M | $125.87M | $122.02M | $114.49M | $109.18M | $105.19M | $102.76M | $97.89M | $94.54M | $90.09M | $83.31M | $79.56M | $75.57M | $74.19M | $72.73M | $70.93M |
| Avg Forecast | $224.55M | $216.80M | $208.78M | $202.13M | $194.96M | $189.06M | $181.08M | $175.00M | $169.29M | $160.30M | $151.87M | $146.56M | $143.14M | $134.23M | $128.76M | $123.98M | $120.78M | $114.01M | $108.95M | $104.51M | $100.67M | $97.41M | $91.29M | $87.62M | $80.57M | $76.87M | $73.75M | $73.87M | $72.60M | $70.08M |
| High Forecast | $226.14M | $218.34M | $210.26M | $203.57M | $196.34M | $190.40M | $182.36M | $176.50M | $169.75M | $160.64M | $151.87M | $146.56M | $143.19M | $135.09M | $129.67M | $124.86M | $121.63M | $114.01M | $108.95M | $104.51M | $100.67M | $97.41M | $91.29M | $87.62M | $80.57M | $76.87M | $73.75M | $73.87M | $72.60M | $70.08M |
| Low Forecast | $222.62M | $214.94M | $206.99M | $200.40M | $193.28M | $187.44M | $179.52M | $172.64M | $168.91M | $159.95M | $151.87M | $146.56M | $143.09M | $133.66M | $127.66M | $122.91M | $119.74M | $114.01M | $108.95M | $104.51M | $100.67M | $97.41M | $91.29M | $87.62M | $80.57M | $76.87M | $73.75M | $73.87M | $72.60M | $70.08M |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 10 | 10 | 10 | 9 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | - | 1.01% | 1.02% | 1.01% | 1.00% | 1.00% | 1.01% | 1.02% | 1.00% | 1.04% | 1.03% | 1.03% | 1.04% | 1.02% | 1.00% | 1.00% | 1.01% |
SPS Commerce's average Quarter revenue forecast for Mar 24 based on 1 analysts is $146.56M, with a low forecast of $146.56M, and a high forecast of $146.56M. SPSC's average Quarter revenue forecast represents a 1.10% increase compared to the company's last Quarter revenue of $144.97M (Dec 23).
SPS Commerce EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 10 | 10 | 10 | 9 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $22.89M | - | $17.03M | $25.21M | $22.85M | $27.42M | $23.54M | $22.33M | $21.44M | $18.90M | $19.35M | $18.77M | $20.07M | $18.91M | $17.03M | $15.34M | $16.20M | $15.78M |
| Avg Forecast | $44.66M | $43.12M | $41.52M | $40.20M | $38.77M | $37.60M | $36.01M | $34.80M | $33.67M | $31.88M | $30.20M | $23.36M | $28.47M | $26.69M | $25.61M | $21.24M | $21.15M | $23.97M | $22.91M | $19.31M | $21.17M | $20.48M | $19.20M | $15.72M | $16.94M | $16.16M | $15.51M | $12.46M | $15.27M | $14.74M |
| High Forecast | $44.97M | $43.42M | $41.82M | $40.48M | $39.05M | $37.87M | $36.27M | $35.10M | $33.76M | $31.95M | $30.20M | $28.03M | $28.48M | $26.87M | $25.79M | $25.48M | $25.38M | $23.97M | $22.91M | $23.17M | $21.17M | $20.48M | $19.20M | $18.87M | $16.94M | $16.16M | $15.51M | $14.95M | $15.27M | $14.74M |
| Low Forecast | $44.27M | $42.74M | $41.16M | $39.85M | $38.44M | $37.28M | $35.70M | $34.33M | $33.59M | $31.81M | $30.20M | $18.69M | $28.46M | $26.58M | $25.39M | $16.99M | $16.92M | $23.97M | $22.91M | $15.45M | $21.17M | $20.48M | $19.20M | $12.58M | $16.94M | $16.16M | $15.51M | $9.97M | $15.27M | $14.74M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.80% | - | 0.67% | 1.19% | 1.08% | 1.14% | 1.03% | 1.16% | 1.01% | 0.92% | 1.01% | 1.19% | 1.18% | 1.17% | 1.10% | 1.23% | 1.06% | 1.07% |
1 analysts predict SPSC's average Quarter EBITDA for Mar 24 to be $23.36M, with a high of $28.03M and a low of $18.69M. This is 2.08% upper than SPS Commerce's previous annual EBITDA (Dec 23) of $22.89M.
SPS Commerce Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 10 | 10 | 10 | 9 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $19.01M | - | $14.68M | $15.29M | $15.91M | $15.86M | $10.75M | $12.60M | $12.77M | $11.45M | $10.18M | $10.20M | $13.47M | $11.41M | $11.19M | $9.52M | $9.16M | $8.94M |
| Avg Forecast | $45.72M | $44.71M | $42.43M | $41.04M | $38.57M | $38.33M | $35.90M | $35.35M | $32.99M | $31.41M | $29.11M | $12.65M | $26.45M | $25.58M | $23.93M | $11.50M | $12.59M | $19.76M | $18.59M | $10.46M | $15.79M | $15.64M | $15.07M | $8.55M | $12.96M | $12.47M | $11.70M | $7.73M | $11.21M | $10.59M |
| High Forecast | $46.14M | $45.12M | $42.82M | $41.41M | $38.92M | $38.69M | $36.23M | $39.40M | $36.37M | $31.51M | $29.11M | $15.18M | $27.21M | $27.49M | $24.15M | $13.80M | $15.11M | $19.76M | $18.59M | $12.55M | $15.79M | $15.64M | $15.07M | $10.26M | $12.96M | $12.47M | $11.70M | $9.28M | $11.21M | $10.59M |
| Low Forecast | $45.21M | $44.21M | $41.95M | $40.58M | $38.13M | $37.91M | $35.49M | $32.41M | $31.49M | $31.30M | $29.11M | $10.12M | $26.06M | $25.20M | $23.66M | $9.20M | $10.07M | $19.76M | $18.59M | $8.37M | $15.79M | $15.64M | $15.07M | $6.84M | $12.96M | $12.47M | $11.70M | $6.18M | $11.21M | $10.59M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.72% | - | 0.61% | 1.33% | 1.26% | 0.80% | 0.58% | 1.21% | 0.81% | 0.73% | 0.68% | 1.19% | 1.04% | 0.91% | 0.96% | 1.23% | 0.82% | 0.84% |
SPS Commerce's average Quarter net income forecast for Mar 24 is $12.65M, with a range of $10.12M to $15.18M. SPSC's average Quarter net income forecast represents a -33.44% decrease compared to the company's last Quarter net income of $19.01M (Dec 23).
SPS Commerce SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 10 | 10 | 10 | 9 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $53.83M | - | $52.04M | $49.76M | $45.15M | $42.06M | $41.78M | $40.12M | $38.78M | $36.77M | $37.71M | $36.09M | $33.34M | $31.17M | $31.35M | $30.21M | $28.78M | $27.66M |
| Avg Forecast | $88.23M | $85.18M | $82.03M | $79.42M | $76.60M | $74.28M | $71.15M | $68.76M | $66.52M | $62.98M | $59.67M | $40.29M | $56.24M | $52.74M | $50.59M | $36.62M | $38.24M | $44.80M | $42.81M | $33.29M | $39.55M | $38.27M | $35.87M | $30.24M | $31.66M | $30.20M | $28.98M | $24.54M | $28.53M | $27.54M |
| High Forecast | $88.85M | $85.79M | $82.61M | $79.98M | $77.14M | $74.81M | $71.65M | $69.35M | $66.70M | $63.12M | $59.67M | $48.34M | $56.26M | $53.08M | $50.95M | $43.95M | $45.89M | $44.80M | $42.81M | $39.95M | $39.55M | $38.27M | $35.87M | $36.29M | $31.66M | $30.20M | $28.98M | $29.45M | $28.53M | $27.54M |
| Low Forecast | $87.47M | $84.45M | $81.33M | $78.74M | $75.94M | $73.65M | $70.54M | $67.83M | $66.37M | $62.85M | $59.67M | $32.23M | $56.22M | $52.52M | $50.16M | $29.30M | $30.59M | $44.80M | $42.81M | $26.63M | $39.55M | $38.27M | $35.87M | $24.19M | $31.66M | $30.20M | $28.98M | $19.64M | $28.53M | $27.54M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | - | 1.03% | 1.36% | 1.18% | 0.94% | 0.98% | 1.21% | 0.98% | 0.96% | 1.05% | 1.19% | 1.05% | 1.03% | 1.08% | 1.23% | 1.01% | 1.00% |
SPS Commerce's average Quarter SG&A projection for Mar 24 is $40.29M, based on 1 Wall Street analysts, with a range of $32.23M to $48.34M. The forecast indicates a -25.16% fall compared to SPSC last annual SG&A of $53.83M (Dec 23).
SPS Commerce EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 10 | 10 | 10 | 9 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.52 | - | $0.40 | $0.42 | $0.44 | $0.44 | $0.30 | $0.35 | $0.35 | $0.32 | $0.28 | $0.29 | $0.38 | $0.32 | $0.32 | $0.27 | $0.26 | $0.26 |
| Avg Forecast | $1.20 | $1.18 | $1.12 | $1.08 | $1.01 | $1.01 | $0.94 | $0.93 | $0.87 | $0.83 | $0.77 | $0.74 | $0.70 | $0.67 | $0.63 | $0.58 | $0.54 | $0.52 | $0.49 | $0.47 | $0.42 | $0.41 | $0.40 | $0.37 | $0.34 | $0.33 | $0.31 | $0.32 | $0.30 | $0.28 |
| High Forecast | $1.21 | $1.19 | $1.13 | $1.09 | $1.02 | $1.02 | $0.95 | $1.04 | $0.96 | $0.83 | $0.77 | $0.74 | $0.72 | $0.72 | $0.64 | $0.58 | $0.54 | $0.52 | $0.49 | $0.47 | $0.42 | $0.41 | $0.40 | $0.37 | $0.34 | $0.33 | $0.31 | $0.32 | $0.30 | $0.28 |
| Low Forecast | $1.19 | $1.16 | $1.10 | $1.07 | $1.00 | $1.00 | $0.93 | $0.85 | $0.83 | $0.82 | $0.77 | $0.74 | $0.69 | $0.66 | $0.62 | $0.57 | $0.53 | $0.52 | $0.49 | $0.47 | $0.42 | $0.41 | $0.40 | $0.37 | $0.34 | $0.33 | $0.31 | $0.32 | $0.30 | $0.28 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.75% | - | 0.64% | 0.73% | 0.82% | 0.84% | 0.61% | 0.74% | 0.84% | 0.77% | 0.70% | 0.78% | 1.10% | 0.97% | 1.03% | 0.84% | 0.87% | 0.93% |
According to 1 Wall Street analysts, SPS Commerce's projected average Quarter EPS for Mar 24 is $0.74, with a low estimate of $0.74 and a high estimate of $0.74. This represents a 41.37% increase compared to SPSC previous annual EPS of $0.52 (Dec 23).
SPS Commerce Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| RPD | Rapid7 | $39.02 | $69.07 | 77.01% | Buy |
| TENB | Tenable | $40.79 | $58.25 | 42.80% | Buy |
| SPSC | SPS Commerce | $177.53 | $215.40 | 21.33% | Buy |
| EVCM | EverCommerce | $11.20 | $12.43 | 10.98% | Buy |
| CCSI | Consensus Cloud Solutions | $23.39 | $25.00 | 6.88% | Buy |
| NTCT | NetScout Systems | $21.17 | $22.00 | 3.92% | Hold |
| CSGS | CSG Systems | $54.22 | $52.00 | -4.09% | Buy |
| FFIV | F5 | $239.67 | $224.44 | -6.35% | Hold |
| CHKP | Check Point Software | $174.56 | $160.08 | -8.30% | Buy |
| EVTC | EVERTEC | $35.66 | $28.00 | -21.48% | Sell |