
SPS Commerce (SPSC) Stock Forecast & Price Target
SPS Commerce (SPSC) Analyst Ratings
Bulls say
SPS Commerce is facing budget scrutiny and revenue recovery headwinds in the near term, causing lower-than-expected earnings for 4Q. However, the company expects these issues to be resolved in 2H26, with potential for growth due to its strong network connecting retailers and suppliers. The target price for SPSC shares is $65, based on a 10.3x EV/FCF multiple for 2027E, with potential risks including a slowdown in the retail sector and competition from legacy vendors.
Bears say
SPS Commerce is experiencing decelerating growth, primarily due to churn headwinds and a slowdown in new logo growth, leading to a lowered 2026 revenue forecast of $804M, representing 7% year-over-year growth. While the company has a strong competitive position in the retail ecosystem and a large recurring revenue customer base, the current challenges facing the retail industry may limit its growth potential and negatively impact its financial performance in the future. Furthermore, the resignation of the CFO and presence of an activist investor on the board could also introduce potential internal challenges for the company.
This aggregate rating is based on analysts' research of SPS Commerce and is not a guaranteed prediction by Public.com or investment advice.
SPS Commerce (SPSC) Analyst Forecast & Price Prediction
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