SPS Commerce Price Target Cut to $80.00 (SPSC)
Equities researchers at Canaccord Genuity cut their target price on shares of SPS Commerce (NASDAQ:SPSC) from $85.00 to $80.00 in a research report issued on Friday, AR Network reports. Canaccord Genuity’s price target indicates a potential upside of 23.55% from the stock’s previous close.
SPS Commerce (NASDAQ:SPSC) opened at 64.75 on Friday. SPS Commerce has a 1-year low of $36.50 and a 1-year high of $79.98. The stock’s 50-day moving average is $65.90 and its 200-day moving average is $66.69. The company has a market cap of $988.9 million and a price-to-earnings ratio of 844.53.
SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.12 by $0.01. The company had revenue of $28.00 million for the quarter, compared to the consensus estimate of $27.77 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 24.4% on a year-over-year basis. Analysts expect that SPS Commerce will post $0.52 EPS for the current fiscal year.
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.