SPS Commerce Price Target Raised to $82.00 at Northland Capital Partners (SPSC)
Analysts at Northland Capital Partners increased their target price on shares of SPS Commerce (NASDAQ:SPSC) from $66.00 to $82.00 in a research report issued to clients and investors on Friday, Analyst Ratings Network reports. The firm currently has an “outperform” rating on the stock. Northland Capital Partners’ target price indicates a potential upside of 5.29% from the company’s current price.
SPS Commerce (NASDAQ:SPSC) traded up 5.24% during mid-day trading on Friday, hitting $77.88. 158,579 shares of the company’s stock traded hands. SPS Commerce has a one year low of $32.08 and a one year high of $71.06. The stock has a 50-day moving average of $65.19 and a 200-day moving average of $52.11. The company has a market cap of $1.179 billion and a P/E ratio of 1057.14.
SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.02. The company had revenue of $27.01 million for the quarter, compared to the consensus estimate of $26.40 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 33.3% on a year-over-year basis.
Several other analysts have also recently commented on the stock. Analysts at Needham & Company raised their price target on shares of SPS Commerce from $65.00 to $82.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Analysts at JMP Securities raised their price target on shares of SPS Commerce from $62.00 to $79.00 in a research note to investors on Friday. They now have a “market outperform” rating on the stock. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $72.00.
SPS Commerce, Inc is a provider of on-demand supply chain management solutions, providing integration, collaboration, connectivity, visibility and data analytics.
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