Northland Securities Keeps a Buy Rating on SPS Commerce (SPSC)


In a report released today, Tim Klasell from Northland Securities maintained a Buy rating on SPS Commerce (SPSC), with a price target of $125. The company’s shares closed yesterday at $102.52.

Klasell wrote:

“We think this is a multi-year margin improvement story. The two acquisitions are at, or slightly ahead of plan, indicating there is room for, and we would not be surprised to see, more upside.”

According to TipRanks.com, Klasell is a 5-star analyst with an average return of 20.9% and a 73.7% success rate. Klasell covers the Technology sector, focusing on stocks such as Tyler Technologies, Zix Corporation, and Proofpoint Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for SPS Commerce with a $114 average price target, implying an 11.2% upside from current levels. In a report released today, First Analysis also upgraded the stock to Buy.

See today’s analyst top recommended stocks >>

The company has a one-year high of $113.31 and a one-year low of $67.14. Currently, SPS Commerce has an average volume of 149.8K.

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.

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