SPS Commerce

Digitization And E-Commerce Will Expand Automated Supply Networks

AnalystHighTarget

Not Invested

Community Contributor

Published

22 Apr 25

Updated

11 Jan 26

Views

n/a

AnalystHighTarget's Fair Value

n/a

-51.5%

-3.6%

-51.5%

-3.6%

You can edit this narrative until Jan 12 1:05 PM. Then, changes will post as Updates.

Author's Valuation

US$12528.8% undervalued

AnalystHighTarget Fair Value

Narrative

Updates2

Shared on 11 Jan 26

SPSC: Share Repurchases And Product Expansion Will Support Sentiment Reset

Analysts have reset expectations on SPS Commerce, with published price targets moving from a prior range of around $125 to a band of roughly $80 to $110. This shift reflects concerns about constrained near term growth, Q3 revenue shortfalls, and softer guidance.

Shared on 25 Dec 25

Fair value Decreased 46%

SPSC: Share Repurchases Will Support Confidence After Growth Expectations Reset

Analysts have reset their outlook on SPS Commerce, cutting the price target from $230 to $125 as they factor in slower expected revenue growth, a higher discount rate and lower peer multiples, even as profit margins are modeled to improve. Analyst Commentary Recent research has highlighted a more cautious overall stance on SPS Commerce, with multiple firms lowering ratings and price targets in response to softer growth expectations and a weaker retail spending backdrop.

AnalystHighTarget Fair Value

US$125

28.8% undervalued

Future estimation in

Growth p.a.

Decrease

Increase

Current revenue growth rate

7.10%

Software revenue growth rate

1.30%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

Decrease

Increase

Current discount rate

8.40%

Calculation

US$162.26m

Earnings '29

36.35x

PE Ratio '29

US$5.90b

Market Cap '29

US$5.90b

Market Cap '29

37.52m

No. shares '29

US$157.20

Share Price '29

US$157.20 Share Price '29

Discounted to 2026 @ 8.44% p.a.

US$123.28

Fair Value '26