SPS Commerce (SPSC) Stock Forecast, Price Target & Predictions
SPSC Stock Forecast
SPS Commerce stock forecast is as follows: an average price target of $222.25 (represents a 15.65% upside from SPSC’s last price of $192.18) 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 $222.25 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 $209.00. This represents a potential 15.65% upside from SPSC's last price of $192.18.
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 |
|---|---|---|---|---|---|---|
| Sep 10, 2024 | Mark Schappel | Loop Capital Markets | $230.00 | $184.85 | 24.43% | 19.68% |
| Jul 29, 2024 | Nehal Chokshi | Northland Securities | $209.00 | $208.28 | 0.35% | 8.75% |
| Jul 26, 2024 | Scott Berg | Needham | $230.00 | $209.00 | 10.05% | 19.68% |
| May 14, 2024 | Lachlan Brown | Redburn Partners | $220.00 | $192.60 | 14.23% | 14.48% |
| Jun 15, 2023 | Scott Berg | Needham | $205.00 | $180.39 | 13.64% | 6.67% |
| Jul 21, 2022 | Scott Berg | Needham | $150.00 | $115.25 | 30.15% | -21.95% |
The latest SPS Commerce stock forecast, released on Sep 10, 2024 by Mark Schappel from Loop Capital Markets, set a price target of $230.00, which represents a 24.43% increase from the stock price at the time of the forecast ($184.85), and a 19.68% increase from SPSC last price ($192.18).
SPS Commerce Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 3 | 4 |
| Avg Price Target | $230.00 | $223.00 | $222.25 |
| Last Closing Price | $192.18 | $192.18 | $192.18 |
| Upside/Downside | 19.68% | 16.04% | 15.65% |
In the current month, the average price target of SPS Commerce stock is $230.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 19.68% increase as opposed to SPS Commerce's last price of $192.18. This month's average price target is up 3.14% compared to last quarter, and up 3.49% 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 | Jul 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 | - | $105.19M | $102.76M | $97.89M | $94.54M | $90.09M | $83.31M | $79.56M | $75.57M | $74.19M | $72.73M | $70.93M |
| Avg Forecast | $221.47M | $213.30M | $207.72M | $202.90M | $193.34M | $185.83M | $179.93M | $174.53M | $167.07M | $159.94M | $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 | $223.77M | $215.51M | $209.88M | $205.01M | $195.34M | $187.76M | $181.80M | $176.34M | $168.80M | $161.41M | $153.45M | $148.08M | $143.19M | $135.09M | $130.10M | $125.27M | $122.03M | $115.20M | $108.95M | $105.36M | $101.49M | $98.20M | $92.03M | $88.33M | $81.23M | $77.49M | $74.35M | $74.47M | $73.19M | $70.65M |
| Low Forecast | $218.76M | $210.69M | $205.18M | $200.41M | $190.97M | $183.56M | $177.73M | $172.39M | $165.02M | $157.82M | $150.01M | $144.77M | $143.09M | $133.66M | $127.18M | $122.46M | $119.30M | $112.62M | $108.95M | $103.89M | $100.08M | $96.83M | $90.75M | $87.10M | $80.10M | $76.41M | $73.31M | $73.44M | $72.17M | $69.67M |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 4 | 6 | 4 | 6 | 4 | 5 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | - | 1.01% | 1.02% | 1.01% | 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 $144.77M, and a high forecast of $148.08M. 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 | Jul 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 | 4 | 3 | 6 | 3 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 4 | 6 | 4 | 6 | 4 | 5 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $22.89M | - | $17.03M | $25.21M | $22.85M | $27.42M | - | $22.33M | $21.44M | $18.90M | $19.35M | $18.77M | $20.07M | $18.91M | $17.03M | $15.34M | $16.20M | $15.78M |
| Avg Forecast | $46.57M | $44.85M | $43.68M | $42.67M | $40.65M | $39.08M | $37.84M | $36.70M | $35.13M | $33.63M | $31.94M | $23.36M | $30.10M | $28.23M | $27.08M | $21.24M | $25.40M | $18.31M | $22.91M | $19.31M | $19.23M | $16.65M | $16.37M | $15.72M | $16.53M | $15.47M | $13.74M | $12.46M | $13.50M | $12.96M |
| High Forecast | $47.05M | $45.32M | $44.13M | $43.11M | $41.08M | $39.48M | $38.23M | $37.08M | $35.50M | $33.94M | $32.27M | $28.03M | $30.11M | $28.41M | $27.36M | $25.48M | $25.66M | $21.98M | $22.91M | $23.17M | $23.07M | $19.98M | $19.64M | $18.87M | $19.83M | $18.56M | $16.48M | $14.95M | $16.20M | $15.55M |
| Low Forecast | $46.00M | $44.30M | $43.14M | $42.14M | $40.16M | $38.60M | $37.37M | $36.25M | $34.70M | $33.19M | $31.54M | $18.69M | $30.09M | $28.11M | $26.74M | $16.99M | $25.09M | $14.65M | $22.91M | $15.45M | $15.38M | $13.32M | $13.10M | $12.58M | $13.22M | $12.38M | $10.99M | $9.97M | $10.80M | $10.37M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.76% | - | 0.63% | 1.19% | 0.90% | 1.50% | - | 1.16% | 1.12% | 1.14% | 1.18% | 1.19% | 1.21% | 1.22% | 1.24% | 1.23% | 1.20% | 1.22% |
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 | Jul 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 | 4 | 3 | 6 | 3 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 4 | 6 | 4 | 6 | 4 | 5 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $19.01M | - | $14.68M | $15.29M | $15.91M | $15.86M | - | $12.60M | $12.77M | $11.45M | $10.18M | $10.20M | $13.47M | $11.41M | $11.19M | $9.52M | $9.16M | $8.94M |
| Avg Forecast | $45.41M | $42.77M | $41.45M | $39.94M | $38.60M | $36.82M | $35.66M | $35.47M | $33.09M | $31.26M | $28.87M | $12.65M | $26.23M | $25.37M | $23.73M | $11.50M | $20.21M | $11.09M | $18.59M | $10.46M | $11.44M | $10.09M | $8.62M | $8.55M | $11.09M | $9.33M | $9.03M | $7.73M | $7.63M | $7.34M |
| High Forecast | $46.02M | $43.35M | $42.01M | $40.48M | $39.12M | $37.32M | $36.14M | $35.95M | $33.54M | $31.64M | $29.26M | $15.18M | $26.99M | $27.26M | $24.05M | $13.80M | $20.49M | $13.31M | $18.59M | $12.55M | $13.73M | $12.10M | $10.34M | $10.26M | $13.31M | $11.20M | $10.83M | $9.28M | $9.16M | $8.81M |
| Low Forecast | $44.68M | $42.09M | $40.79M | $39.31M | $37.98M | $36.23M | $35.09M | $34.91M | $32.56M | $30.76M | $28.41M | $10.12M | $25.85M | $24.99M | $23.35M | $9.20M | $19.89M | $8.88M | $18.59M | $8.37M | $9.16M | $8.07M | $6.89M | $6.84M | $8.87M | $7.47M | $7.22M | $6.18M | $6.11M | $5.88M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.72% | - | 0.62% | 1.33% | 0.79% | 1.43% | - | 1.21% | 1.12% | 1.14% | 1.18% | 1.19% | 1.21% | 1.22% | 1.24% | 1.23% | 1.20% | 1.22% |
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 | Jul 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 | 4 | 3 | 6 | 3 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 4 | 6 | 4 | 6 | 4 | 5 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $53.83M | - | $52.04M | $49.76M | $45.15M | $42.06M | - | $40.12M | $38.78M | $36.77M | $37.71M | $36.09M | $33.34M | $31.17M | $31.35M | $30.21M | $28.78M | $27.66M |
| Avg Forecast | $87.02M | $83.81M | $81.62M | $79.72M | $75.96M | $73.02M | $70.70M | $68.57M | $65.64M | $62.84M | $59.67M | $40.29M | $56.24M | $52.74M | $50.59M | $36.62M | $47.45M | $35.63M | $42.81M | $33.29M | $34.77M | $32.39M | $31.91M | $30.24M | $27.46M | $25.50M | $25.29M | $24.54M | $23.98M | $22.72M |
| High Forecast | $87.92M | $84.68M | $82.46M | $80.55M | $76.75M | $73.77M | $71.43M | $69.29M | $66.33M | $63.42M | $60.29M | $48.34M | $56.26M | $53.08M | $51.12M | $43.95M | $47.95M | $42.76M | $42.81M | $39.95M | $41.72M | $38.87M | $38.29M | $36.29M | $32.95M | $30.61M | $30.34M | $29.45M | $28.78M | $27.27M |
| Low Forecast | $85.95M | $82.78M | $80.62M | $78.74M | $75.03M | $72.12M | $69.83M | $67.73M | $64.84M | $62.01M | $58.94M | $32.23M | $56.22M | $52.52M | $49.97M | $29.30M | $46.87M | $28.51M | $42.81M | $26.63M | $27.81M | $25.91M | $25.53M | $24.19M | $21.97M | $20.40M | $20.23M | $19.64M | $19.19M | $18.18M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | - | 1.03% | 1.36% | 0.95% | 1.18% | - | 1.21% | 1.12% | 1.14% | 1.18% | 1.19% | 1.21% | 1.22% | 1.24% | 1.23% | 1.20% | 1.22% |
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 | Jul 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 | 4 | 3 | 6 | 3 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 4 | 6 | 4 | 6 | 4 | 5 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.52 | - | $0.40 | $0.42 | $0.44 | $0.44 | - | $0.35 | $0.35 | $0.32 | $0.28 | $0.29 | $0.38 | $0.32 | $0.32 | $0.27 | $0.26 | $0.26 |
| Avg Forecast | $1.21 | $1.14 | $1.10 | $1.06 | $1.02 | $0.98 | $0.95 | $0.94 | $0.88 | $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 | $1.22 | $1.15 | $1.11 | $1.07 | $1.04 | $0.99 | $0.96 | $0.95 | $0.89 | $0.84 | $0.78 | $0.75 | $0.72 | $0.72 | $0.64 | $0.59 | $0.54 | $0.53 | $0.49 | $0.48 | $0.42 | $0.42 | $0.40 | $0.38 | $0.35 | $0.33 | $0.31 | $0.32 | $0.30 | $0.28 |
| Low Forecast | $1.19 | $1.12 | $1.08 | $1.04 | $1.01 | $0.96 | $0.93 | $0.93 | $0.86 | $0.82 | $0.75 | $0.72 | $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% | - | 0.74% | 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 $0.72 and a high estimate of $0.75. 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 | $34.24 | $78.69 | 129.82% | Buy |
| TENB | Tenable | $39.96 | $60.14 | 50.50% | Buy |
| EVCM | EverCommerce | $10.57 | $12.29 | 16.27% | Buy |
| SPSC | SPS Commerce | $192.18 | $222.25 | 15.65% | Buy |
| NTCT | NetScout Systems | $19.82 | $22.00 | 11.00% | Hold |
| CSGS | CSG Systems | $48.31 | $52.00 | 7.64% | Buy |
| CCSI | Consensus Cloud Solutions | $23.66 | $25.00 | 5.66% | Buy |
| FFIV | F5 | $214.64 | $213.93 | -0.33% | Hold |
| EVTC | EVERTEC | $33.78 | $28.00 | -17.11% | Sell |
| CHKP | Check Point Software | $191.70 | $154.65 | -19.33% | Buy |
SPSC Forecast FAQ
Is SPS Commerce a good buy?
Yes, according to 3 Wall Street analysts, SPS Commerce (SPSC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 100.00% of SPSC's total ratings.
What is SPSC's price target?
SPS Commerce (SPSC) average price target is $222.25 with a range of $209 to $230, implying a 15.65% from its last price of $192.18. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will SPS Commerce stock go up soon?
According to Wall Street analysts' prediction for SPSC stock, the company can go up by 15.65% (from the last price of $192.18 to the average price target of $222.25), up by 19.68% based on the highest stock price target, and up by 8.75% based on the lowest stock price target.
Can SPS Commerce stock reach $300?
SPSC's average twelve months analyst stock price target of $222.25 does not support the claim that SPS Commerce can reach $300 in the near future.
What is SPS Commerce's current price target trend?
1 Wall Street analyst forecast a $230 price target for SPS Commerce (SPSC) this month, up 19.68% from its last price of $192.18. Compared to the last 3 and 12 months, the average price target increased by 16.04% and increased by 15.65%, respectively.
What are SPS Commerce's analysts' financial forecasts?
SPS Commerce's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $733.63M (high $741.25M, low $724.64M), average EBITDA is $154.27M (high $155.87M, low $152.38M), average net income is $146.56M (high $148.53M, low $144.22M), average SG&A $288.25M (high $291.24M, low $284.72M), and average EPS is $3.89 (high $3.94, low $3.83). SPSC's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $845.4M (high $854.17M, low $835.04M), average EBITDA is $177.77M (high $179.61M, low $175.59M), average net income is $169.57M (high $171.86M, low $166.87M), average SG&A $332.17M (high $335.61M, low $328.1M), and average EPS is $4.5 (high $4.56, low $4.43).
Did the SPSC's actual financial results beat the analysts' financial forecasts?
Based on SPS Commerce's last annual report (Dec 2023), the company's revenue was $536.91M, beating the average analysts forecast of $530.11M by 1.28%. Apple's EBITDA was $77.25M, missing the average prediction of $106.64M by -27.56%. The company's net income was $65.82M, missing the average estimation of $86.83M by -24.19%. Apple's SG&A was $207.82M, beating the average forecast of $196.2M by 5.93%. Lastly, the company's EPS was $1.8, missing the average prediction of $2.58 by -30.14%. In terms of the last quarterly report (Dec 2023), SPS Commerce's revenue was $144.96M, beating the average analysts' forecast of $143.14M by 1.28%. The company's EBITDA was $22.88M, missing the average prediction of $30.1M by -23.97%. SPS Commerce's net income was $19.01M, missing the average estimation of $26.23M by -27.52%. The company's SG&A was $53.83M, missing the average forecast of $56.24M by -4.29%. Lastly, the company's EPS was $0.52, missing the average prediction of $0.696 by -25.29%