SPS Commerce Reports Second Quarter 2024 Financial Results

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Go back to SPS Commerce Reports Second Quarter 2024 Financial Results

SPS Commerce (SPSC) PT Raised to $186 at Baird

July 26, 2024 6:27 AM EDT

Baird analyst Joe Vruwink raised the price target on SPS Commerce (NASDAQ: SPSC) to $186.00 (from $178.00) while maintaining a Neutral rating.

The analyst comments "Maintain Neutral rating. Revenue +18% YoY (1% upside; organic estimated +14% YoY), adjusted EBITDA margin 29% vs. 29% YoY (in-line), EPS +16% YoY (4% upside). Organic growth... More

SPS Commerce (SPSC) PT Raised to $230 at Needham

July 26, 2024 5:30 AM EDT

Needham analyst Scott Berg raised the price target on SPS Commerce (NASDAQ: SPSC) to $230.00 (from $205.00) while maintaining a Buy rating.

The analyst comments "SPS Commerce reported strong 2Q24 financial results driven by an acceleration in ARPU growth as it continues to focus... More

SPS Commerce (SPSC) PT Raised to $225 at Stifel

July 26, 2024 4:56 AM EDT

Stifel analyst Parker Lane raised the price target on SPS Commerce (NASDAQ: SPSC) to $225.00 (from $200.00) while maintaining a Buy rating.

The analyst comments "SPS delivered another clean quarter, beating on both the top and bottom lines. With a largescale enablement campaign... More