SPS Commerce PT Raised to $79.00 (SPSC)
Analysts at JMP Securities raised their target price on shares of SPS Commerce (NASDAQ:SPSC) from $62.00 to $79.00 in a research report issued to clients and investors on Friday, Analyst RN reports. The firm currently has a “market outperform” rating on the stock. JMP Securities’ price target suggests a potential upside of 1.44% from the company’s current price.
Shares of SPS Commerce (NASDAQ:SPSC) traded up 5.24% on Friday, hitting $77.88. The stock had a trading volume of 158,579 shares. SPS Commerce has a 52-week low of $32.08 and a 52-week 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 released its earnings data 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.
SPS Commerce, Inc is a provider of on-demand supply chain management solutions, providing integration, collaboration, connectivity, visibility and data analytics.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.