JMP Securities Believes SPS Commerce (SPSC) Won’t Stop Here
In a report issued on February 13, Patrick Walravens from JMP Securities maintained a Buy rating on SPS Commerce (SPSC), with a price target of $98. The company’s shares closed on Friday at $108.69, close to its 52-week high of $113.31.
According to TipRanks.com, Walravens is a top 100 analyst with an average return of 20.6% and a 72.8% success rate. Walravens covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Salesforce.com, and Ellie Mae Inc.
SPS Commerce has an analyst consensus of Strong Buy, with a price target consensus of $110.50, representing a 1.7% upside. In a report issued on February 13, Canaccord Genuity also maintained a Buy rating on the stock with a $110 price target.
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The company has a one-year high of $113.31 and a one-year low of $55.59. Currently, SPS Commerce has an average volume of 187.1K.
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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.