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SPS Commerce (SPSC) Stock Forecast, Price Target & Predictions

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SPSC Stock Forecast

SPS Commerce (SPSC) stock forecast, based on 22 Wall Street analysts, predicts a 12-month average price target of $128.33, with a high of $140.00 and a low of $120.00. This represents a 15.61% increase from the last price of $111.00.

$100 $130 $160 $190 $220 $250 High: $140 Avg: $128.33 Low: $120 Last Closed Price: $111

SPSC Stock Rating

SPS Commerce stock's rating consensus is Buy, based on 22 Wall Street analysts. The breakdown includes 2 Strong Buy (9.09%), 11 Buy (50.00%), 9 Hold (40.91%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 22 0 9 11 2 Strong Sell Sell Hold Buy Strong Buy

SPSC Price Target Upside V Benchmarks

TypeNameUpside
StockSPS Commerce15.61%
SectorTechnology Stocks 13.02%

Price Target Trends

1M3M12M
# Anlaysts234
Avg Price Target$132.50$128.33$136.00
Last Closing Price$111.00$111.00$111.00
Upside/Downside19.37%15.61%22.52%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Oct, 25255--12
Sep, 25255--12
Aug, 25255--12
Jul, 25373--13
Jun, 25263--11
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 14, 2025Chris QuinteroMorgan Stanley$140.00$108.0929.52%26.13%
Sep 30, 2025Northland Securities$125.00$105.0518.99%12.61%
Jul 31, 2025Loop Capital Markets$120.00$139.56-14.02%8.11%
Apr 25, 2025Robert W. Baird$159.00$137.8115.38%43.24%
Oct 28, 2024Joe VruwinkRobert W. Baird$188.00$172.608.92%69.37%
Sep 10, 2024Mark SchappelLoop Capital Markets$230.00$184.8524.43%107.21%
Jul 29, 2024Nehal ChokshiNorthland Securities$209.00$208.280.35%88.29%
Jul 26, 2024Scott BergNeedham$230.00$209.0010.05%107.21%
May 14, 2024Lachlan BrownRedburn Partners$220.00$192.6014.23%98.20%
Jun 15, 2023Scott BergNeedham$205.00$180.3913.64%84.68%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Oct 14, 2025Morgan StanleyOverweightOverweighthold
Jul 31, 2025Loop Capital MarketsBuyHolddowngrade
Jul 14, 2025Morgan StanleyOverweightinitialise
Jun 03, 2025Cantor FitzgeraldOverweightinitialise
Nov 25, 2024Piper SandlerNeutralinitialise
Sep 10, 2024Loop Capital MarketsBuyBuyhold
Jul 26, 2024NeedhamBuyBuyhold
Jul 26, 2024Craig-HallumBuyBuyhold
Jul 26, 2024Loop Capital MarketsBuyBuyhold
May 14, 2024CitigroupUnderperformUnderperformhold

Financial Forecast

EPS Forecast

$1 $2 $3 $4 $5 $6 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$1.29$1.24$1.53$1.80$2.07---
Avg Forecast$1.48$1.77$2.25$2.80$3.44$3.93$4.72$5.53
High Forecast$1.51$1.80$2.27$2.82$3.53$4.13$5.23$5.85
Low Forecast$1.45$1.73$2.23$2.78$3.41$3.82$4.39$5.33
Surprise %-12.84%-29.94%-32.00%-35.71%-39.83%---

Revenue Forecast

$300M $440M $580M $720M $860M $1B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$312.63M$385.28M$450.88M$536.91M$637.76M---
Avg Forecast$309.90M$383.19M$449.65M$535.07M$636.18M$758.11M$875.22M$998.72M
High Forecast$313.48M$387.62M$452.80M$535.10M$636.55M$795.32M$875.70M$999.98M
Low Forecast$305.07M$377.22M$446.63M$535.00M$635.75M$741.12M$874.74M$997.45M
Surprise %0.88%0.55%0.27%0.34%0.25%---

Net Income Forecast

$0 $50M $100M $150M $200M $250M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$45.59M$44.60M$55.13M$65.82M$77.05M---
Avg Forecast$37.18M$38.69M$43.62M$65.82M$130.12M$148.91M$180.41M$209.51M
High Forecast$44.62M$46.43M$52.34M$78.99M$132.36M$154.69M$196.14M$219.10M
Low Forecast$29.75M$30.95M$34.90M$52.66M$127.87M$143.14M$164.68M$199.92M
Surprise %22.59%15.26%26.40%--40.78%---

SPSC Forecast FAQ

Is SPS Commerce stock a buy?

SPS Commerce stock has a consensus rating of Buy, based on 22 Wall Street analysts. The rating breakdown includes 2 Strong Buy, 11 Buy, 9 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that SPS Commerce is a favorable investment for most analysts.

What is SPS Commerce's price target?

SPS Commerce's price target, set by 22 Wall Street analysts, averages $128.33 over the next 12 months. The price target range spans from $120 at the low end to $140 at the high end, suggesting a potential 15.61% change from the previous closing price of $111.

How does SPS Commerce stock forecast compare to its benchmarks?

SPS Commerce's stock forecast shows a 15.61% upside, outperforming the average forecast for the technology stocks sector (13.02%).

What is the breakdown of analyst ratings for SPS Commerce over the past three months?

  • October 2025: 16.67% Strong Buy, 41.67% Buy, 41.67% Hold, 0% Sell, 0% Strong Sell.
  • September 2025: 16.67% Strong Buy, 41.67% Buy, 41.67% Hold, 0% Sell, 0% Strong Sell.
  • August 2025: 16.67% Strong Buy, 41.67% Buy, 41.67% Hold, 0% Sell, 0% Strong Sell.

What is SPS Commerce’s EPS forecast?

SPS Commerce's average annual EPS forecast for its fiscal year ending in December 2025 is $3.93, marking a 89.86% increase from the reported $2.07 in 2024. Estimates for the following years are $4.72 in 2026, and $5.53 in 2027.

What is SPS Commerce’s revenue forecast?

SPS Commerce's average annual revenue forecast for its fiscal year ending in December 2025 is $758.11M, reflecting a 18.87% increase from the reported $637.76M in 2024. The forecast for 2026 is $875.22M, and $998.72M for 2027.

What is SPS Commerce’s net income forecast?

SPS Commerce's net income forecast for the fiscal year ending in December 2025 stands at $148.91M, representing an 93.26% increase from the reported $77.05M in 2024. Projections indicate $180.41M in 2026, and $209.51M in 2027.