SPSC Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2026Q1

FY2026Q2

193.60M

+13.28%

1.008

+13.3%

197.68M

+8.88%

1.080

+8.02%

200.10M

+6.78%

1.111

+11.06%

Estimates Revision

The market is revising Downward the revenue expectations for SPS Commerce, Inc. (SPSC) for FY2025, with the revenue forecasts being adjusted by -1.21% over the past three months. During the same period, the stock price has changed by -12.36%.

Revenue Estimates for FY2025

Revise Downward

-1.21%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+2.19%

In Past 3 Month

Stock Price

Go Down

-12.36%

In Past 3 Month

10 Analyst Rating

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 99.78 USD with a low forecast of 80.00 USD and a high forecast of 125.00 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.

4 Buy

6 Hold

0 Sell

Moderate Buy

Current: 0.000

Low

80.00

Averages

99.78

High

125.00

Current: 0.000

Low

80.00

Averages

99.78

High

125.00

Morgan Stanley

Chris Quintero

Overweight -> Equal Weight

downgrade

$140 -> $100

2025-11-11

Reason

Morgan Stanley

Chris Quintero

Price Target

$140 -> $100

2025-11-11

downgrade

Overweight -> Equal Weight

Reason

Morgan Stanley analyst Chris Quintero downgraded SPS Commerce to Equal Weight from Overweight with a price target of $100, down from $140. The firm believes the company's near-term growth will be "constrained" as the macro environment is hurting its retail end market. SPS lacks positive catalysts to turn its growth around in the near-term, which will keep the stock range-bound, the analyst tells investors in a research note.

DA Davidson

Neutral

downgrade

$125 -> $80

2025-10-31

Reason

DA Davidson

Price Target

$125 -> $80

2025-10-31

downgrade

Neutral

Reason

DA Davidson lowered the firm's price target on SPS Commerce to $80 from $125 and keeps a Neutral rating on the shares. The firm cites the company's Q3 revenue miss and 2025 guidance cut, along with below-consensus 2026 growth outlook, the analyst tells investors in a research note. The company added 450 new customers in Q3 but based on the firm's conversations with management, it now expects negative sequential growth in the count of total customers in Q4 given delayed purchases and stable churn levels, the firm added.

Baird

Neutral

downgrade

$145 -> $104

2025-10-31

Reason

Baird

Price Target

$145 -> $104

2025-10-31

downgrade

Neutral

Reason

Baird lowered the firm's price target on SPS Commerce to $104 from $145 and keeps a Neutral rating on the shares. The firm updated its model following Q3 results whic were a rare miss for the company.

Northland

Market Perform -> Outperform

upgrade

$109

2025-10-31

Reason

Northland

Price Target

$109

2025-10-31

upgrade

Market Perform -> Outperform

Reason

Northland upgraded SPS Commerce to Outperform from Market Perform with a $109 price target. Amazon's (AMZN) reduced inventory level policy, likely in response to overstocking in response to tariffs, drives $7M of the $8M revenue guidance reduction for the second half of this calendar year, according to the analyst, who argues that the pace of and refreshed buyback signal management expects organic growth to stabilize at least at 7%.

Needham

Buy

downgrade

$160 -> $110

2025-10-31

Reason

Needham

Price Target

$160 -> $110

2025-10-31

downgrade

Buy

Reason

Needham lowered the firm's price target on SPS Commerce to $110 from $160 but keeps a Buy rating on the shares. The company reported its first poor quarter as a public company as Q3 revenues were $3M below guidance due to a mis-calculation in its acquired Revenue Recovery business, driving shares 25% lower in the after-market, though the firm is defending the stock at peak pessimism and would be aggressive buyers of the weakness, the analyst tells investors in a research note.

Stifel

Buy -> Hold

downgrade

$150 -> $80

2025-10-31

Reason

Stifel

Price Target

$150 -> $80

2025-10-31

downgrade

Buy -> Hold

Reason

Stifel downgraded SPS Commerce to Hold from Buy with a price target of $80, down from $150. The firm says macro headwinds and spend "scrutiny" in the retail ecosystem bring uncertainty around the company's sales performance. SPS's Q3 revenue, Q4 outlook, and initial guidance for 2026 came in below consensus, with management pointing to delayed relationship management campaigns with retailers, continued supplier challenges and spend scrutiny, and unforeseen seasonality in the newer revenue recovery space, the analyst tells investors in a research note.

Valuation Metrics

The current forward P/E ratio for SPS Commerce Inc (SPSC.O) is 20.15, compared to its 5-year average forward P/E of 52.35. 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.

5Y Average PE

52.35

Current PE

20.15

Overvalued PE

65.76

Undervalued PE

38.93

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.

5Y Average EV/EBITDA

31.07

Current EV/EBITDA

12.64

Overvalued EV/EBITDA

38.38

Undervalued EV/EBITDA

23.75

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.

5Y Average PS

9.43

Current PS

4.17

Overvalued PS

11.51

Undervalued PS

7.35

Financials

Annual

Quarterly

N/A

Total Revenue

N/A

Operating Profit

N/A

Net Income after Tax

N/A

EPS - Diluted

N/A

Free Cash Flow

N/A

Gross Profit Margin - %

N/A

FCF Margin - %

N/A

Net Margin - %

N/A

ROIC

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

Bought

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

SPSC News & Events

Events Timeline

No data

News

3.5

01-08Businesswire

SPS Commerce Unveils New Products to Address Supply Chain Trends

1.0

01-06Globenewswire

SPS Commerce to Present at 28th Annual Needham Growth Conference on January 13, 2026

1.0

2025-12-02Globenewswire

SPS Commerce to Present at Nasdaq Investor Conference on December 9, 2025

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Frequently Asked Questions

What is SPS Commerce Inc (SPSC) stock price today?

The current price of SPSC is 94.49 USD — it has increased 1.33 % in the last trading day.

What is SPS Commerce Inc (SPSC)'s business?

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.

What is the price predicton of SPSC Stock?

What is SPS Commerce Inc (SPSC)'s revenue for the last quarter?

SPS Commerce Inc revenue for the last quarter amounts to 189.90M USD, increased 16.02 % YoY.

What is SPS Commerce Inc (SPSC)'s earnings per share (EPS) for the last quarter?

SPS Commerce Inc. EPS for the last quarter amounts to 0.67 USD, increased 8.06 % YoY.

What changes have occurred in the market's expectations for SPS Commerce Inc (SPSC)'s fundamentals?

How many employees does SPS Commerce Inc (SPSC). have?

SPS Commerce Inc (SPSC) has 2783 emplpoyees as of January 09 2026.

What is SPS Commerce Inc (SPSC) market cap?

Today SPSC has the market capitalization of 3.56B USD.