Needham analyst Scott Berg maintained a Buy rating on SPS Commerce (SPSC) today and set a price target of $120. The company’s shares opened today at $107.13, close to its 52-week high of $115.00.
According to TipRanks.com, Berg is a 5-star analyst with an average return of 17.0% and a 68.5% success rate. Berg covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Medidata Solutions, and Ultimate Software.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for SPS Commerce with a $118.33 average price target, implying a 10.5% upside from current levels. In a report released today, First Analysis also upgraded the stock to Buy.
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SPS Commerce’s market cap is currently $1.78B and has a P/E ratio of 79.19. The company has a Price to Book ratio of 5.83.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
SPS Commerce, Inc. provides cloud-based supply chain management services. The firm serves retailers, suppliers, grocers, distributors and logistics firms to orchestrate the management of item data, order fulfillment, inventory control and sales analytics across all channels.
