SPSC

SPS Commerce Inc

Add to Watchlist

Advanced Chart

137.570

+0.03(0.022%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

139.160

Open

138.200

VWAP

138.24

Vol

286.87K

Mkt Cap

5.22B

Low

137.3001

Amount

39.66M

EV/EBITDA(TTM)

35.46

Total Shares

37.03M

5.18B

EV/OCF(TTM)

31.74

P/S(TTM)

7.88

SPS Commerce, Inc. is a provider of retail supply chain cloud services, connecting trading partners around the globe to optimize supply chain operations for all retail partners. The Company supports data-driven partnerships with innovative cloud technology and customer-obsessed service that focuses on retail, grocery, distribution, supply, manufacturing, and logistics firms. The Company's products include Fulfillment, Analytics, and Other products. Fulfillment products offer a comprehensive solution designed to streamline supply chain operations. The Analytics products simplifies managing sell-through data from our customers business partners by handling data acquisition, cleansing, normalization, and delivery. Its Other products offer complementary products, such as assortment and community. In addition to these offerings, it also provides one-time services such as professional services and testing and certification.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q2

FY2025Q3

FY2025Q4

185.82M

+20.98%

0.908

+13.45%

192.80M

+17.79%

0.996

+8.26%

200.34M

+17.22%

1.043

+17.23%

Estimates Revision

The market is revising No Change the revenue expectations for SPS Commerce, Inc. (SPSC) for FY2025, with the revenue forecasts being adjusted by 0% over the past three months. During the same period, the stock price has changed by 6.05%.

Revenue Estimates for FY2025

No Change

0.00%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+2.19%

In Past 3 Month

Stock Price

Go Up

+6.05%

In Past 3 Month

10 Analyst Rating

27.67% Upside

Wall Street analysts forecast SPSC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPSC is 175.63 USD with a low forecast of 159.00 USD and a high forecast of 210.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

7 Buy

3 Hold

0 Sell

Moderate Buy

27.67% Upside

Current: 137.570

Low

159.00

Averages

175.63

High

210.00

27.67% Upside

Current: 137.570

Low

159.00

Averages

175.63

High

210.00

Morgan Stanley

Overweight

initiated

$180

2025-07-14

Reason

Morgan Stanley

Price Target

$180

2025-07-14

initiated

Overweight

Reason

Morgan Stanley initiated coverage of SPS Commerce with an Overweight rating and $180 price target. The firm believes SPS is well positioned to capture share in the $4B electronic data interchange vendor market. The stock at current levels underappreciates the company's growth durability, tariff benefits, and 20%-plus free cash flow per share growth, the analyst tells investors in a research note.

Cantor Fitzgerald

Overweight

initiated

$170

2025-06-03

Reason

Cantor Fitzgerald

Price Target

$170

2025-06-03

initiated

Overweight

Reason

Baird

Neutral

maintain

$154 -> $159

2025-04-25

Reason

Baird

Price Target

$154 -> $159

2025-04-25

maintain

Neutral

Reason

Baird raised the firm's price target on SPS Commerce to $159 from $154 and keeps a Neutral rating on the shares. The firm updated its model following good Q1 results and noting the 2025 outlook is largely unchanged.

Northland

Nehal Chokshi

Market Perform

downgrade

$181 -> $163

2025-04-25

Reason

Northland

Nehal Chokshi

Price Target

$181 -> $163

2025-04-25

downgrade

Market Perform

Reason

Northland analyst Nehal Chokshi lowered the firm's price target on SPS Commerce to $163 from $181 and keeps a Market Perform rating on the shares. Organic growth is still decelerating, though the rate of organic customer adds has likely bottomed, says the analyst, who is lowering the firm estimated long-term growth rate to 13% from 15% on a recalibrated lower rate of customer additions.

DA Davidson

Gil Luria

Strong Buy

Maintains

$245 → $175

2025-04-14

Reason

DA Davidson

Gil Luria

Price Target

$245 → $175

2025-04-14

Maintains

Strong Buy

Reason

DA Davidson lowered the firm's price target on SPS Commerce to $175 from $245 and keeps a Buy rating on the shares as part of a broader research note updating estimates within the firm's coverage of the Software group. The firm is now assuming a base case of one or two quarters of negative GDP in the US this year, which will translate to lower growth and has already translated to lower valuations, the analyst tells investors in a research note. DA Davidson adds that regardless of how the current tariff regime plays out, it sees a slowdown in consumer activity and corporate investment, at least for the next couple of quarters.

Needham

Scott Berg

Strong Buy

Reiterates

$210

2025-03-26

Reason

Needham

Scott Berg

Price Target

$210

2025-03-26

Reiterates

Strong Buy

Reason

Meeting to be held in Boston on March 24 and March 25 hosted by Needham.

See All Ratings

Valuation Metrics

The current forward P/E ratio for SPS Commerce Inc (SPSC.O) is 34.12, compared to its 5-year average forward P/E of 55.57. For a more detailed relative valuation and DCF analysis to assess SPS Commerce Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Strongly Undervalued

5Y Average PE

55.57

Current PE

34.12

Overvalued PE

65.45

Undervalued PE

45.69

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Strongly Undervalued

5Y Average EV/EBITDA

32.57

Current EV/EBITDA

21.66

Overvalued EV/EBITDA

37.81

Undervalued EV/EBITDA

27.32

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Strongly Undervalued

5Y Average PS

9.81

Current PS

6.72

Overvalued PS

11.31

Undervalued PS

8.31