SPS Commerce, Inc.

NasdaqGS:SPSC Voorraadrapport

Marktkapitalisatie: US$2.8b

SPS Commerce Toekomstige groei

Future criteriumcontroles 3/6

SPS Commerce zal naar verwachting groeien in winst en omzet met respectievelijk 26.1% en 6.1% per jaar. De winst per aandeel zal naar verwachting groeien met 26.5% per jaar. Het rendement op het eigen vermogen zal over 3 jaar naar verwachting 18.1% zijn.

Belangrijke informatie

26.1%

Groei van de winst

26.49%

Groei van de winst per aandeel

Software winstgroei20.5%
Inkomstengroei6.1%
Toekomstig rendement op eigen vermogen18.09%
Dekking van analisten

Good

Laatst bijgewerkt19 Aug 2026

Recente toekomstige groei-updates

Analyse-artikel • Feb 15

SPS Commerce, Inc. Just Recorded A 5.8% EPS Beat: Here's What Analysts Are Forecasting Next

One of the biggest stories of last week was how SPS Commerce, Inc. ( NASDAQ:SPSC ) shares plunged 22% in the week since...

Recent updates

Narratiefupdate • Sep 03

SPSC: Sale Exploration And Execution Improvements Will Drive Rebound Outlook

The updated analyst price target for SPS Commerce rises to $102.72 from $93.92 as analysts factor in higher modeled fair value, a slightly lower discount rate, improved profit margin assumptions, and recent Street research that identifies Q2 execution and guidance adjustments as key drivers. Analyst Commentary Recent Street research on SPS Commerce highlights mixed views, but the most optimistic commentary focuses on improved Q2 execution, updated guidance, and a series of higher price targets.
Narratiefupdate • Aug 18

SPSC: Potential Sale And Buybacks Will Shape Returns As Execution Scrutiny Persists

The analyst price target for SPS Commerce has been revised higher from $68.09 to $73.18 as analysts factor in updated assumptions for profitability, revenue growth, discount rate and future P/E following recent research commentary and Q2 results. Analyst Commentary Recent research on SPS Commerce shows a mix of optimism around execution and product traction alongside caution on valuation and consistency of results.
Seeking Alpha • Aug 13

AI Strategy Enhances SPS Commerce's Appeal And Potential Network Value

Summary SPS Commerce remains a Buy as its Gen AI strategy potentially enhances network value and positions the company for future growth. SPSC reported Q2 2026 results ahead of estimates, with 6% YoY revenue growth, improved gross margin, and robust operating leverage. The company’s clean balance sheet, aggressive stock buybacks, and discounted valuation (3.2x FWD revenue, 9.5x FWD EBITDA) support upside potential. Early-stage Gen AI initiatives (MAX suite) present adoption and monetization risks, but SPSC’s network moat and transaction-based model underpin my optimism. Read the full article on Seeking Alpha
Narratiefupdate • Aug 04

SPSC: Execution Risks Will Shape Reaction To Q2 Beat And Sale Exploration

Analysts have raised the SPS Commerce fair value estimate to $59 from $55, reflecting updated views on the company's recent Q2 execution, MAX AI traction, and model revisions following revised price targets across the Street. Analyst Commentary Street research around SPS Commerce remains mixed, even with the higher fair value estimate.
Narratiefupdate • Jul 21

SPSC: Potential Sale And Buybacks Will Shape Returns Despite Lower P E Expectations

The analyst price target for SPS Commerce has been reduced by $14.00, reflecting updated views on fair value, revenue growth, profit margins, and future P/E after several firms lowered their targets in recent research. Analyst Commentary Recent research on SPS Commerce focuses on recalibrating price targets to reflect updated expectations for revenue trends, profit margins, and the appropriate P/E multiple.
Narratiefupdate • Jul 07

SPSC: Fair Outlook Balances Lower Street Expectations With Potential Sale Process

The analyst fair value estimate for SPS Commerce has been revised from $80.00 to $55.00, reflecting updated expectations for revenue growth, profit margins, and future P/E multiples that are broadly consistent with recent price target reductions highlighted in Street research from several firms. Analyst Commentary Recent research on SPS Commerce points to a more cautious stance, with a series of reduced price targets and at least one downgrade signaling that some on the Street see a less favorable risk and reward profile at current levels.
Narratiefupdate • Jun 23

SPSC: Execution And Buybacks Will Drive Rebound Despite Recent Downgrades

The latest Narrative Update on SPS Commerce reflects a reduced analyst price target of $93.92, with analysts pointing to updated assumptions around the discount rate, revenue growth, profit margin, and future P/E as key drivers of the reset. Analyst Commentary Recent Street research on SPS Commerce has centered on recalibrated price targets, with several firms adjusting their models to reflect updated assumptions around discount rates, growth expectations, and profit margins.
Narratiefupdate • Jun 05

SPSC: Execution And Buybacks Will Support Rerating Despite Recent Downgrades

Analysts have trimmed their blended price target for SPS Commerce by roughly $8 to reflect updated assumptions on discount rate, revenue growth, profit margins, and future P/E, following a series of target cuts from Citi, Morgan Stanley, Cantor Fitzgerald, and Needham, along with a downgrade from Rothschild & Co Redburn. Analyst Commentary Recent research suggests that, even with trimmed targets and a fresh downgrade in the mix, some bullish analysts still view SPS Commerce as an execution story tied closely to its ability to grow revenue and protect margins over time.
Narratiefupdate • May 08

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.
Narratiefupdate • Apr 23

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.
Narratiefupdate • Apr 09

SPSC: Share Repurchases And Potential Sale Will Support Future Returns

Analysts have trimmed their blended price target on SPS Commerce by $0 overall, reflecting recent target cuts from several firms after Q4 revenue landed at the low end of guidance and the FY26 revenue growth outlook of 6% to 7% came in below the prior 7% to 8% range. Key model inputs such as fair value, revenue growth, profit margin, and future P/E assumptions remain essentially unchanged.
Narratiefupdate • Mar 25

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.
Narratiefupdate • Mar 11

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.
Narratiefupdate • Feb 24

SPSC: Share Repurchases Will Support Returns As FY26 Headwinds Ease

Our updated narrative on SPS Commerce reflects a lower fair value estimate, moving from about $99.82 to $82.09. This is in line with recent analyst price target cuts that cite softer revenue trends, a more conservative 6% to 7% FY26 growth guide, and a reset to a lower future P/E assumption despite slightly higher projected profit margins.
Analyse-artikel • Feb 15

SPS Commerce, Inc. Just Recorded A 5.8% EPS Beat: Here's What Analysts Are Forecasting Next

One of the biggest stories of last week was how SPS Commerce, Inc. ( NASDAQ:SPSC ) shares plunged 22% in the week since...
Analyse-artikel • Feb 12

More Unpleasant Surprises Could Be In Store For SPS Commerce, Inc.'s (NASDAQ:SPSC) Shares After Tumbling 26%

SPS Commerce, Inc. ( NASDAQ:SPSC ) shareholders won't be pleased to see that the share price has had a very rough...
Narratiefupdate • Feb 10

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.
Narratiefupdate • Jan 27

SPSC: Share Repurchases And New Products Will Offset Forecasting Setbacks

Analysts now see fair value for SPS Commerce at about US$99.82 per share, up from roughly US$98, as they factor in a slightly lower discount rate, steady revenue growth and margins, and a modestly higher future P/E, despite recent price target cuts tied to softer near term growth expectations and the Q3 revenue miss. Analyst Commentary Recent Street research around SPS Commerce points to a more cautious stance overall, with several firms cutting ratings and reducing price targets after the Q3 revenue miss and updated guidance.
Narratiefupdate • Jan 11

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.
Narratiefupdate • Dec 25

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.
Narratiefupdate • Dec 11

SPSC: Share Repurchases And Durable Cash Flows Will Support Future Upside

Analysts have sharply reduced their price targets on SPS Commerce to a range of $80 to $110 from prior levels as high as $170, citing constrained near term growth, a weaker retail end market, and tempered long term growth expectations despite the company’s still solid fundamentals. Analyst Commentary Street research reflects a more balanced but cautious stance on SPS Commerce, with recent notes highlighting both the durability of the business model and the near term pressures on growth, execution, and valuation.
Analyse-artikel • Dec 09

Returns On Capital At SPS Commerce (NASDAQ:SPSC) Have Stalled

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...
Narratiefupdate • Nov 27

SPSC: Share Buybacks And Cash Flow Will Drive Further Upside

Analysts have lowered their average price target for SPS Commerce. Reductions from firms such as Morgan Stanley, Needham, DA Davidson, and Cantor Fitzgerald cite weaker near-term growth prospects and the impact of a disappointing Q3 revenue performance.
Narratiefupdate • Nov 12

SPSC: Share Buybacks And Cash Flow Will Support Investor Confidence

Analysts have significantly reduced their price targets for SPS Commerce, lowering the fair value estimate from $142.27 to $98.00. They cite constrained near-term growth and ongoing headwinds in the retail end market as reasons for the adjustment.
Narratiefupdate • Oct 29

Recurring Revenue And Market Position Will Drive Potential Upside Into Year End

Analysts have recently reduced their price targets for SPS Commerce. New estimates generally fall in the $125 to $145 range, citing lower peer multiples and expectations for more moderate medium-term growth.
Narratiefupdate • Oct 14

Cloud-based EDI And Omni-Channel Analytics Will Strengthen Retail Supply Chains

Analysts have lowered their average price target on SPS Commerce by approximately $5.55. This adjustment reflects reduced peer multiples and slightly moderated growth expectations following recent earnings and investor updates.
Narratiefupdate • Sep 25

Cloud-based EDI And Omni-Channel Analytics Will Strengthen Retail Supply Chains

Analysts have trimmed their price targets for SPS Commerce to $147.82, citing the company’s transition to a more mature growth phase with tempered expectations and reduced upside catalysts, despite ongoing business model strength. Analyst Commentary SPS Commerce is perceived to have entered a more mature growth phase, prompting lower growth expectations.
Analyse-artikel • Jul 21

Calculating The Fair Value Of SPS Commerce, Inc. (NASDAQ:SPSC)

Key Insights Using the 2 Stage Free Cash Flow to Equity, SPS Commerce fair value estimate is US$150 SPS Commerce's...
Analyse-artikel • Jul 03

SPS Commerce's (NASDAQ:SPSC) Returns Have Hit A Wall

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analyse-artikel • Jun 15

Earnings Tell The Story For SPS Commerce, Inc. (NASDAQ:SPSC)

With a price-to-earnings (or "P/E") ratio of 63x SPS Commerce, Inc. ( NASDAQ:SPSC ) may be sending very bearish signals...
Analyse-artikel • Apr 28

Results: SPS Commerce, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

It's been a good week for SPS Commerce, Inc. ( NASDAQ:SPSC ) shareholders, because the company has just released its...
Analyse-artikel • Apr 25

If EPS Growth Is Important To You, SPS Commerce (NASDAQ:SPSC) Presents An Opportunity

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analyse-artikel • Apr 10

A Look At The Intrinsic Value Of SPS Commerce, Inc. (NASDAQ:SPSC)

Key Insights The projected fair value for SPS Commerce is US$153 based on 2 Stage Free Cash Flow to Equity With US$136...
Seeking Alpha • Mar 25

SPS Commerce: Interesting TAM Expansion And Appears Undervalued

Summary SPS Commerce offers cloud-based SCM software and has delivered strong returns since its IPO, despite recent share price corrections. SPSC's fundamentals are solid, with steady revenue growth, profitability, and expanding operating cash flow, making it a decent growth stock. Future growth catalysts include recurring revenue from acquisitions and tapping into Amazon's FBA seller ecosystem, presenting significant TAM opportunities. My conservative price target of $149.6 per share projects a 15% upside YoY, justifying a buy rating for SPSC. Read the full article on Seeking Alpha
Analyse-artikel • Mar 25

Returns On Capital At SPS Commerce (NASDAQ:SPSC) Have Stalled

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analyse-artikel • Mar 07

Why We're Not Concerned Yet About SPS Commerce, Inc.'s (NASDAQ:SPSC) 27% Share Price Plunge

The SPS Commerce, Inc. ( NASDAQ:SPSC ) share price has fared very poorly over the last month, falling by a substantial...
Analyse-artikel • Mar 04

Is SPS Commerce, Inc. (NASDAQ:SPSC) Potentially Undervalued?

SPS Commerce, Inc. ( NASDAQ:SPSC ), might not be a large cap stock, but it received a lot of attention from a...
Analyse-artikel • Feb 17

SPS Commerce's (NASDAQ:SPSC) Earnings Seem To Be Promising

Despite posting healthy earnings, SPS Commerce, Inc.'s ( NASDAQ:SPSC ) stock has been quite weak. Our analysis suggests...
Analyse-artikel • Jan 16

SPS Commerce, Inc.'s (NASDAQ:SPSC) Price Is Out Of Tune With Revenues

With a price-to-sales (or "P/S") ratio of 11.5x SPS Commerce, Inc. ( NASDAQ:SPSC ) may be sending very bearish signals...
Seeking Alpha • Jan 04

SPS Commerce: Continued Dealmaking Adds To The Growth Path

Summary SPS Commerce continues strong growth with organic and M&A efforts, but high valuations and elevated multiples make it unattractive for investment despite solid track record. Recent acquisitions, including SupplyPike and Carbon6 Technologies, boost revenues but come with lower margins. Despite improved earnings projections, realistic earnings remain around $2 per share, making current valuation of 90 times earnings too high. Continued M&A activity and net cash balances support growth, but cautious stance remains due to demanding valuations and modest earnings improvements. Read the full article on Seeking Alpha
Analyse-artikel • Jan 02

Estimating The Fair Value Of SPS Commerce, Inc. (NASDAQ:SPSC)

Key Insights The projected fair value for SPS Commerce is US$170 based on 2 Stage Free Cash Flow to Equity SPS...

Winst- en omzetgroeiprognoses

NasdaqGS:SPSC - Toekomstschattingen van analisten en financiële gegevens uit het verleden (USD Millions )
DatumInkomstenInkomstenVrije kasstroomGeldmiddelen uit operationele activiteitenGem. Aantal analisten
12/31/20289011442282625
12/31/202784012120324112
12/31/20267918418422112
6/30/202677278199228N/A
3/31/202676291167194N/A
12/31/202575293152179N/A
9/30/202573085148173N/A
6/30/202570483142166N/A
3/31/202567081141163N/A
12/31/202463877137157N/A
9/30/202461279131150N/A
6/30/202458472122140N/A
3/31/202456169127145N/A
12/31/202353766113132N/A
9/30/202351463102123N/A
6/30/20234936297119N/A
3/31/20234725897117N/A
12/31/20224515580100N/A
9/30/20224325290108N/A
6/30/2022415487695N/A
3/31/2022400477596N/A
12/31/20213854593113N/A
9/30/20213664584105N/A
6/30/20213474590106N/A
3/31/2021329468096N/A
12/31/2020313467289N/A
9/30/2020302417086N/A
6/30/2020293396279N/A
3/31/202028636N/A76N/A
12/31/201927934N/A72N/A
9/30/201927232N/A68N/A
6/30/201926431N/A62N/A
3/31/201925627N/A56N/A
12/31/201824824N/A55N/A
9/30/201824110N/A47N/A
6/30/20182344N/A35N/A
3/31/20182271N/A30N/A
12/31/20172200N/A31N/A
9/30/20172139N/A30N/A
6/30/20172069N/A28N/A
3/31/20172008N/A22N/A
12/31/20161935N/A19N/A
9/30/20161856N/A18N/A
6/30/20161765N/A21N/A
3/31/20161675N/A18N/A
12/31/20151595N/A14N/A
9/30/20151523N/A12N/A

Toekomstige groeivoorspellingen analisten

Verdiensten versus spaarpercentage: De verwachte winstgroei SPSC ( 26.1% per jaar) ligt boven de spaarquote ( 3.7% ).

Winst versus markt: De winst van SPSC ( 26.1% per jaar) zal naar verwachting sneller groeien dan de US markt ( 17.4% per jaar).

Hoge groeiwinsten: De winst van SPSC zal naar verwachting de komende 3 jaar aanzienlijk groeien.

Omzet versus markt: De omzet van SPSC ( 6.1% per jaar) zal naar verwachting langzamer groeien dan de markt US ( 13.5% per jaar).

Hoge groei-inkomsten: De omzet van SPSC ( 6.1% per jaar) zal naar verwachting langzamer groeien dan 20% per jaar.

Groeiprognoses winst per aandeel

Toekomstig rendement op eigen vermogen

Toekomstige ROE: Het rendement op eigen vermogen SPSC zal naar verwachting over 3 jaar laag zijn ( 18.1 %).

Ontdek groeibedrijven

7D

1Y

7D

1Y

7D

1Y

Bedrijfsanalyse en status van financiële gegevens

GegevensLaatst bijgewerkt (UTC-tijd)
Bedrijfsanalyse2026/09/09 17:08
Aandelenkoers aan het einde van de dag2026/09/09 00:00
Inkomsten2026/06/30
Jaarlijkse inkomsten2025/12/31

Gegevensbronnen

De gegevens die gebruikt zijn in onze bedrijfsanalyse zijn afkomstig van S&P Global Market Intelligence LLC. De volgende gegevens worden gebruikt in ons analysemodel om dit rapport te genereren. De gegevens zijn genormaliseerd, waardoor er een vertraging kan optreden voordat de bron beschikbaar is.

PakketGegevensTijdframeVoorbeeld Amerikaanse bron *
Financiële gegevens bedrijf10 jaar
  • Resultatenrekening
  • Kasstroomoverzicht
  • Balans
Consensus schattingen analisten+3 jaar
  • Financiële prognoses
  • Koersdoelen analisten
Marktprijzen30 jaar
  • Aandelenprijzen
  • Dividenden, splitsingen en acties
Eigendom10 jaar
  • Top aandeelhouders
  • Handel met voorkennis
Beheer10 jaar
  • Leiderschapsteam
  • Raad van bestuur
Belangrijkste ontwikkelingen10 jaar
  • Bedrijfsaankondigingen

* Voorbeeld voor effecten uit de VS, voor niet-Amerikaanse effecten worden gelijkwaardige formulieren en bronnen gebruikt.

Tenzij anders vermeld zijn alle financiële gegevens gebaseerd op een jaarperiode, maar worden ze elk kwartaal bijgewerkt. Dit staat bekend als Trailing Twelve Month (TTM) of Last Twelve Month (LTM) gegevens. Meer informatie.

Analysemodel en Snowflake

Details van het analysamodel dat is gebruikt om dit rapport te genereren zijn beschikbaar op onze Github-pagina, we hebben ook handleidingen over hoe u onze rapporten kunt gebruiken en tutorials op YouTube.

Leer meer over het dat het Simply Wall St-analysemodel heeft ontworpen en gebouwd.

Industrie en sector

Onze industrie- en sectormetrics worden elke 6 uur berekend door Simply Wall St, details van ons proces zijn beschikbaar op Github.

Bronnen van analisten

SPS Commerce, Inc. wordt gevolgd door 19 analisten. 12 van deze analisten hebben de schattingen van de omzet of winst ingediend die zijn gebruikt als input voor ons rapport. Inzendingen van analisten worden de hele dag door bijgewerkt.

AnalistInstelling
Joseph VruwinkBaird
Jeffrey HoustonBarrington Research Associates, Inc.
David HynesCanaccord Genuity