SPS Commerce (SPSC) Acquires SupplyPike

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SPS Commerce (SPSC) PT Raised to $245 at DA Davidson

August 1, 2024 4:06 PM EDT

DA Davidson analyst Gil Luria raised the price target on SPS Commerce (NASDAQ: SPSC) to $245.00 (from $240.00) while maintaining a Buy rating.

The analyst comments "This morning, SPS Commerce announced it acquired SupplyPike for $206M, or about 8x Sales, the largest on a... More