SPS Commerce (SPSC) Stock Forecast, Price Target & Predictions
SPSC Stock Forecast
SPS Commerce stock forecast is as follows: an average price target of $214.25 (represents a 13.77% upside from SPSC’s last price of $188.32) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
SPSC Price Target
The average price target for SPS Commerce (SPSC) is $214.25 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $230.00 to $188.00. This represents a potential 13.77% upside from SPSC's last price of $188.32.
SPSC Analyst Ratings
According to 4 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' (75.00%), 1 'Hold' (25.00%), 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% | -0.17% |
| Sep 10, 2024 | Mark Schappel | Loop Capital Markets | $230.00 | $184.85 | 24.43% | 22.13% |
| Jul 29, 2024 | Nehal Chokshi | Northland Securities | $209.00 | $208.28 | 0.35% | 10.98% |
| Jul 26, 2024 | Scott Berg | Needham | $230.00 | $209.00 | 10.05% | 22.13% |
| May 14, 2024 | Lachlan Brown | Redburn Partners | $220.00 | $192.60 | 14.23% | 16.82% |
| Jun 15, 2023 | Scott Berg | Needham | $205.00 | $180.39 | 13.64% | 8.86% |
| Jul 21, 2022 | Scott Berg | Needham | $150.00 | $115.25 | 30.15% | -20.35% |
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 -0.17% decrease from SPSC last price ($188.32).
SPS Commerce Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 5 |
| Avg Price Target | - | $188.00 | $215.40 |
| Last Closing Price | $188.32 | $188.32 | $188.32 |
| Upside/Downside | -100.00% | -0.17% | 14.38% |
In the current month, the average price target of SPS Commerce stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to SPS Commerce's last price of $188.32. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 25, 2024 | Piper Sandler | Neutral | Initialise | |
| 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 | Citigroup | Underperform | Underperform | Hold |
| May 14, 2024 | Needham | Buy | Buy | 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 Piper Sandler on Nov 25, 2024. The company Initialise its SPSC rating from "null" to "Neutral".
SPS Commerce Financial Forecast
SPS Commerce Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Avg Forecast | $259.70M | $252.30M | $240.50M | $230.80M | $224.76M | $217.40M | $208.84M | $201.80M | $194.87M | $189.12M | $181.12M | $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 |
| High Forecast | $261.88M | $254.42M | $242.52M | $232.74M | $226.65M | $219.22M | $210.59M | $203.49M | $196.51M | $190.70M | $182.64M | $176.44M | $169.69M | $160.64M | $151.87M | $146.56M | $143.19M | $135.09M | $129.84M | $125.02M | $121.79M | $114.01M | $108.95M | $104.51M | $100.67M | $97.41M | $91.29M | $87.62M | $80.57M | $76.87M |
| Low Forecast | $256.90M | $249.58M | $237.91M | $228.31M | $222.34M | $215.06M | $206.59M | $199.62M | $192.77M | $187.08M | $179.17M | $172.58M | $168.85M | $159.95M | $151.87M | $146.56M | $143.09M | $133.66M | $127.37M | $122.64M | $119.47M | $114.01M | $108.95M | $104.51M | $100.67M | $97.41M | $91.29M | $87.62M | $80.57M | $76.87M |
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 7 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 10 |
| 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% |
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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 7 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 10 |
| 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 |
| Avg Forecast | $51.65M | $50.18M | $47.83M | $45.90M | $44.70M | $43.23M | $41.53M | $40.13M | $38.76M | $37.61M | $36.02M | $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 |
| High Forecast | $52.08M | $50.60M | $48.23M | $46.28M | $45.07M | $43.60M | $41.88M | $40.47M | $39.08M | $37.93M | $36.32M | $35.09M | $33.75M | $31.95M | $30.20M | $28.03M | $28.48M | $26.87M | $25.82M | $25.48M | $25.38M | $23.97M | $22.91M | $23.17M | $21.17M | $20.48M | $19.20M | $18.87M | $16.94M | $16.16M |
| Low Forecast | $51.09M | $49.63M | $47.31M | $45.40M | $44.22M | $42.77M | $41.08M | $39.70M | $38.34M | $37.20M | $35.63M | $34.32M | $33.58M | $31.81M | $30.20M | $18.69M | $28.46M | $26.58M | $25.33M | $16.99M | $16.92M | $23.97M | $22.91M | $15.45M | $21.17M | $20.48M | $19.20M | $12.58M | $16.94M | $16.16M |
| 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 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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 7 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 10 |
| 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 |
| Avg Forecast | $55.85M | $53.95M | $50.15M | $47.87M | $46.17M | $44.93M | $42.56M | $40.94M | $38.71M | $38.38M | $35.92M | $35.20M | $32.89M | $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 |
| High Forecast | $56.46M | $54.54M | $50.70M | $48.40M | $46.67M | $45.42M | $43.02M | $41.39M | $39.14M | $38.80M | $36.31M | $40.07M | $36.67M | $31.51M | $29.11M | $15.18M | $27.21M | $27.49M | $24.19M | $13.80M | $15.11M | $19.76M | $18.59M | $12.55M | $15.79M | $15.64M | $15.07M | $10.26M | $12.96M | $12.47M |
| Low Forecast | $55.07M | $53.20M | $49.45M | $47.20M | $45.52M | $44.30M | $41.96M | $40.37M | $38.17M | $37.84M | $35.41M | $32.95M | $31.75M | $31.30M | $29.11M | $10.12M | $26.06M | $25.20M | $23.59M | $9.20M | $10.07M | $19.76M | $18.59M | $8.37M | $15.79M | $15.64M | $15.07M | $6.84M | $12.96M | $12.47M |
| 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% |
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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 7 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 10 |
| 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 |
| Avg Forecast | $102.04M | $99.13M | $94.50M | $90.68M | $88.31M | $85.42M | $82.05M | $79.29M | $76.57M | $74.31M | $71.16M | $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 |
| High Forecast | $102.89M | $99.96M | $95.29M | $91.44M | $89.05M | $86.14M | $82.74M | $79.95M | $77.21M | $74.93M | $71.76M | $69.32M | $66.67M | $63.12M | $59.67M | $48.34M | $56.26M | $53.08M | $51.02M | $43.95M | $45.89M | $44.80M | $42.81M | $39.95M | $39.55M | $38.27M | $35.87M | $36.29M | $31.66M | $30.20M |
| Low Forecast | $100.94M | $98.06M | $93.48M | $89.71M | $87.36M | $84.50M | $81.17M | $78.43M | $75.74M | $73.50M | $70.40M | $67.81M | $66.34M | $62.85M | $59.67M | $32.23M | $56.22M | $52.52M | $50.05M | $29.30M | $30.59M | $44.80M | $42.81M | $26.63M | $39.55M | $38.27M | $35.87M | $24.19M | $31.66M | $30.20M |
| 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% |
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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 7 | 3 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 10 |
| 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 |
| Avg Forecast | $1.47 | $1.42 | $1.32 | $1.26 | $1.22 | $1.18 | $1.12 | $1.08 | $1.02 | $1.01 | $0.95 | $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 |
| High Forecast | $1.49 | $1.44 | $1.33 | $1.27 | $1.23 | $1.20 | $1.13 | $1.09 | $1.03 | $1.02 | $0.96 | $1.05 | $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 |
| Low Forecast | $1.45 | $1.40 | $1.30 | $1.24 | $1.20 | $1.17 | $1.10 | $1.06 | $1.00 | $1.00 | $0.93 | $0.87 | $0.84 | $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 |
| 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% |
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 |
|---|---|---|---|---|---|
| CCSI | Consensus Cloud Solutions | $24.33 | $30.00 | 23.30% | Buy |
| TENB | Tenable | $41.55 | $47.50 | 14.32% | Buy |
| RPD | Rapid7 | $39.04 | $42.29 | 8.32% | Buy |
| EVCM | EverCommerce | $12.05 | $13.00 | 7.88% | Buy |
| SPSC | SPS Commerce | $198.81 | $214.25 | 7.77% | Buy |
| CHKP | Check Point Software | $187.71 | $197.22 | 5.07% | Buy |
| NTCT | NetScout Systems | $22.37 | $22.00 | -1.65% | Hold |
| CSGS | CSG Systems | $53.57 | $52.00 | -2.93% | Buy |
| EVTC | EVERTEC | $34.85 | $31.50 | -9.61% | Sell |
| FFIV | F5 | $259.80 | $226.22 | -12.93% | Hold |