Digitization And E-Commerce Will Expand Automated Supply Networks

AN

AnalystHighTarget

Not Invested

Community Contributor

Published

22 Apr 25

Updated

08 May 26

Views

12

n/a

n/a

AnalystHighTarget's Fair Value

n/a

1Y

-66.1%

7D

-9.4%

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1Y

-66.1%

7D

-9.4%

You can edit this narrative until May 9 2:05 PM. Then, changes will post as Updates.

Author's Valuation

US$93.9245.5% undervalued

AnalystHighTarget Fair Value

Shared on 08 May 26

Fair value Decreased 15%

SPSC: Reset Expectations And Buybacks Will Reframe Sentiment Despite Softer Guidance

The analyst price target for SPS Commerce has been revised lower to $93.92 from $110.00, as analysts factor in softer revenue growth expectations, slightly reduced profit margin assumptions, and a lower future P/E multiple following recent target cuts across the Street. Analyst Commentary Recent Street research on SPS Commerce has centered on recalibrating expectations after quarterly results and updated guidance, with several firms trimming price targets and, in some cases, ratings.

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Shared on 23 Apr 26

SPSC: Activist Sale Pressure Will Reframe Sentiment Despite Softer Guidance

Analysts have trimmed their average price targets on SPS Commerce, with several firms cutting estimates by $5 to $30 after Q4 revenue came in at the low end of guidance and the FY26 revenue outlook was set at 6% to 7% year over year, compared with a prior 7% to 8% range, reflecting ongoing headwinds in the business. Analyst Commentary Recent research on SPS Commerce has centered on the softer Q4 revenue outcome and the recalibrated FY26 revenue outlook of 6% to 7% year over year, which came in below the prior 7% to 8% range.

1 view

Shared on 25 Mar 26

SPSC: Activist Sale Pressure And AI Rollout Will Reframe Sentiment

Analysts have trimmed their blended price target on SPS Commerce by aligning with recent cuts to around $95, reflecting Q4 revenue at the low end of guidance and a FY26 revenue outlook of 6% to 7%, which sits below prior expectations as headwinds persist. Analyst Commentary Even with a reset in expectations around Q4 and the FY26 outlook, some bullish analysts still see room for SPS Commerce to execute on its long term model.

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Shared on 11 Mar 26

Fair value Decreased 12%

SPSC: Activist Sale Push And AI Suite Will Reset Sentiment

We are lowering our fair value estimate for SPS Commerce to $110 from $125, reflecting analysts' reduced price targets after Q4 revenue landed at the low end of guidance and FY26 revenue growth guidance of 6% to 7% came in below prior expectations. Analyst Commentary Street research after the Q4 print has generally reset expectations lower for SPS Commerce, with several cuts to price targets and at least one downgrade to a more cautious rating.

1 view

Shared on 10 Feb 26

SPSC: Activist Sale Pressure And New Capabilities Will Support Sentiment Reset

Analysts have maintained their fair value estimate for SPS Commerce at $125.00. Modest adjustments to assumptions around the discount rate, revenue growth, profit margin, and future P/E help explain the updated price target narrative.

1 view

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.

1 view

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.

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Valuator

Company Info

Notes

AnalystHighTarget Fair Value

US$93.92

45.5% undervalued

Future estimation in

Revenue

Profit Margin

Future PE

Growth p.a.

%

Decrease

Increase

Forecast revenue growth rate

6.77%

Historical revenue growth rate

16.81%

Software revenue growth rate

1.68%

Risk Level (Discount Rate)

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

%

0

Decrease

Increase

Current discount rate

8.51%

Calculation

US$156.31m

Earnings '29

x

25.34x

PE Ratio '29

=

US$3.96b

Market Cap '29

US$3.96b

Market Cap '29

/

33.17m

No. shares '29

=

US$119.40

Share Price '29

US$119.40 Share Price '29

Discounted to 2026 @ 8.51% p.a.

=

US$93.45

Fair Value '26