Piper Sandler initiated coverage of SPS Commerce (SPSC) with a Neutral rating and $198 price target SPS provides electronic data interchange software that connects suppliers with trading partners, the analyst tells investors in a research note. The firm says the company’s net-new customer adds have materially slowed in fiscal 2024. The Street is imbedding a significant bounce-back in fiscal 2025 net-adds, which Piper views as slightly aggressive. As such, it believes the shares are near fair value.
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Read More on SPSC:
- SPS Commerce management to meet virtually with Loop Capital
- SPS Commerce price target raised to $188 from $186 at Baird
- SPS Commerce sees Q4 EPS 83c-84c, consensus 87c
- SPS Commerce sees FY24 EPS $3.41-$3.42, consensus $3.36
- SPS Commerce reports Q3 EPS 92c, consensus 83c
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
