SPSCTechnology · Software - ApplicationThe 12 Wall Street analysts covering SPS Commerce, Inc. hold a median 12-month price target of $82 — -3.8% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 95 of 100 as at 3 Nov 2026 — among the strongest tenth. The factors read stronger than the Street's target implies. That gap is the story on this page.
Consensus tells you what everyone already believes. The model scores SPS Commerce, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Revisions (95): Analysts have, on balance, been raising their forecasts.
Growth (33): Sales and profits are flat, shrinking, or growing more slowly than they were.
Size (30): Larger than most of the companies we track — more scrutinised, less often mispriced.
Built and run by Aslam Ghouse, an ex-Goldman Sachs systematic trader with 15+ years in markets.
The bullish and bearish analyst opinions on SPSC, reported as data — targets and ratings, the market's view beside the model's.
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Data provided by Twelve Data
The green dot is the last close — the median target sits −3.8% from it.
Of the 20 most recent actions, 8 moved their price target up and 1 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 30 Oct 2026 | DA Davidson | Maintains | Neutral | $65 → $70 |
| 20 Oct 2026 | Citigroup | Maintains | Buy | $82 → $99 |
| 14 Oct 2026 | Stifel | Maintains | Hold | $70 → $85 |
| 19 Aug 2026 | Needham | Maintains | Buy | $75 → $100 |
| 19 Aug 2026 | Needham | Maintains | Buy | — |
| 31 July 2026 | Cantor Fitzgerald | Maintains | Neutral | — |
| 31 July 2026 | Cantor Fitzgerald | Maintains | Neutral | $60 → $70 |
| 31 July 2026 | Morgan Stanley | Maintains | Underweight | $57 → $59 |
| 31 July 2026 | Morgan Stanley | Maintains | Underweight | — |
| 31 July 2026 | Stifel | Maintains | Hold | — |
| 31 July 2026 | Stifel | Maintains | Hold | $60 → $70 |
| 21 July 2026 | Citigroup | Maintains | Buy | $76 → $82 |
| 21 July 2026 | Citigroup | Maintains | Buy | — |
| 21 July 2026 | Morgan Stanley | Downgrade | Underweight | $70 → $57 |
| 21 July 2026 | Morgan Stanley | Downgrade | Underweight | — |
| 1 July 2026 | DA Davidson | Maintains | Neutral | $55 |
| 1 July 2026 | DA Davidson | Maintains | Neutral | — |
| 4 May 2026 | Citigroup | Maintains | Buy | — |
| 1 May 2026 | Cantor Fitzgerald | Maintains | Neutral | — |
| 1 May 2026 | DA Davidson | Maintains | Neutral | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
SPSC appears in the Radar on the weeks it earns a place.
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Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 4 Nov 2026, SPS Commerce, Inc. returned +5.1% against +14.8% for the S&P 500, dividends included.
Download this chart as an image — free to reuse; link this page as the source.
Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 19% of US stocks
Cheaper than 30% of US stocks
Cheaper than 28% of US stocks
Cheaper than 24% of US stocks
Higher than 37% of US stocks
Higher than 59% of US stocks
Higher than 83% of US stocks
Higher than 79% of US stocks
Higher than 71% of US stocks
Higher than 60% of US stocks
Higher than 85% of US stocks
Higher than 1% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
The headline figures, each with its date. Every row carries its own link — cite it straight from here.
SPS Commerce, Inc. has a market value of $3.0B and an enterprise value of $2.8B.
Revenue in the twelve months to 30 June 2026: $772.5M. The latest quarter grew 4.1% year on year.
Net income over the same four quarters: $78.0M, a 10.1% net margin.
Diluted earnings per share, trailing twelve months: $2.07.
Free cash flow in the twelve months to 30 June 2026: $198.7M.
SPS Commerce, Inc. spent $153.1M on share buybacks in the twelve months to 30 June 2026.
Trailing P/E: 38.4×; forward P/E: 15.8× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 0.00%, paying out 0% of earnings.
SPS Commerce, Inc. employs 2,948 people — $262K of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
Look up any of the roughly 4,600 stocks we score.
The rank is the raw material. Whether the rules would actually own SPS Commerce, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →
Zacks Investment Research describes SPS Commerce as a growth stock, citing its solid growth attributes as the basis for its view that the company could produce exceptional returns.
Why it matters — The item highlights growth attributes that may be relevant to investors following SPSC.
SPS Commerce reported that agentic onboarding enabled hundreds of suppliers to achieve compliance within 24 hours. Its adjusted EBITDA margin reached 36% of revenue in the third quarter.
Why it matters — These operational and margin details offer SPSC watchers information about supplier onboarding and third-quarter profitability.
Seeking Alpha published the transcript of SPS Commerce, Inc.’s Q3 2026 earnings call.
Why it matters — The transcript provides SPSC watchers with the company’s discussion of its third-quarter results and related topics.
SPS Commerce reported 4% third-quarter 2026 revenue growth and expanded profitability, while highlighting increased use of its AI-driven supply-chain tools. Amazon policy changes and the divestiture of a revenue-recovery business weighed on reported growth.
Why it matters — The call outlined growth, profitability, AI-tool adoption, and factors affecting reported revenue growth for SPSC watchers.
SPS Commerce reported Q3 earnings of $1.39 per share, above the Zacks Consensus Estimate of $1.22. Earnings were $1.13 per share in the same period a year earlier.
Why it matters — The results show quarterly earnings exceeded the consensus estimate and were higher than a year ago.
The 12 Wall Street analysts covering SPS Commerce, Inc. have a median 12-month price target of $82, with estimates ranging from $70 to $103. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 12 analysts covering SPS Commerce, Inc., 3 rate it a Buy, 8 a Hold and 1 a Sell. Ticker Nerd's systematic factor model ranks SPS Commerce, Inc. 95 out of 100 across roughly 4,600 US stocks as at 3 Nov 2026. None of this is personal advice — it does not consider your circumstances.
As at 3 Nov 2026, SPS Commerce, Inc. ranks 95 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Revisions (95 of 100).
No one can know that. What the data says: the median 12-month target from 12 analysts implies -3.8% from the last close, and Ticker Nerd's factor model ranks SPS Commerce, Inc. 95 out of 100 as at 3 Nov 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
No analyst covering SPS Commerce, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for SPSC are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $70 to $103 over the next 12 months.
SPS Commerce, Inc. returned +5.1% over the 12 months to 4 Nov 2026, with dividends reinvested. Past performance does not indicate future returns.
SPS Commerce, Inc. is a cloud-based supply chain management software company that helps retailers, suppliers, distributors, grocers, manufacturers, and logistics providers coordinate day-to-day commerce operations.
The most recent item we track (Zacks Investment Research, 2 Nov 2026): "SPS Commerce (SPSC) is an Incredible Growth Stock: 3 Reasons Why". Zacks Investment Research describes SPS Commerce as a growth stock, citing its solid growth attributes as the basis for its view that the company could produce exceptional returns.
SPS Commerce, Inc. is a cloud-based supply chain management software company that helps retailers, suppliers, distributors, grocers, manufacturers, and logistics providers coordinate day-to-day commerce operations. SPS Commerce’s platform supports electronic data interchange, order fulfillment, item and inventory data sharing, sales analytics, and trading partner connectivity across omnichannel retail networks. Its solutions are designed to simplify collaboration between businesses by automating communication, improving visibility into orders and inventory, and supporting more efficient workflows across the supply chain. The company also offers additional tools for assortment management, sourcing, and other trading partner processes, serving organizations that need integrated commerce connections rather than disconnected point-to-point systems. SPS Commerce plays an important role in digital retail infrastructure by enabling businesses to exchange information and manage transactions more consistently across complex supply chain ecosystems.
CEO Mr. Chadwick Collins · 2,948 employees · United States · https://www.spscommerce.com
