Canaccord Genuity analyst David Hynes maintained a Buy rating on SPS Commerce (NASDAQ: SPSC) yesterday and set a price target of $85. The company’s shares opened today at $84, close to its 52-week high of $89.90.
According to TipRanks.com, Hynes is a top 100 analyst with an average return of 32.4% and a 75.3% success rate. Hynes covers the Technology sector, focusing on stocks such as Veeva Systems, Q2 Holdings, and Descartes.
Currently, the analyst consensus on SPS Commerce is a Strong Buy with an average price target of $87.60, a 4.3% upside from current levels. In a report issued on July 20, Oppenheimer also reiterated a Buy rating on the stock with a $83 price target.
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The company has a one-year high of $89.90 and a one-year low of $45.02. Currently, SPS Commerce has an average volume of 141.6K.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock.
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SPS Commerce, Inc. engages in the provision of cloud-based supply chain management solutions company, which network-proven fulfillment, sourcing, and item assortment management solutions, along with comprehensive retail performance analytics to thousands of customers worldwide.
