Oppenheimer Keeps a Buy Rating on SPS Commerce (SPSC)


In a report released today, Koji Ikeda from Oppenheimer maintained a Buy rating on SPS Commerce (SPSC), with a price target of $120. The company’s shares closed yesterday at $102.52.

Ikeda said:

“Consistent with our business update, SPS Commerce reported solid 1Q results and raised 2019 guidance. Positives include: 1) another good and consistent execution quarter; 2) expanding operating and EBITDA margins; and 3) the integrations of the recent acquisitions appear to be on track. On balance, growth in the analytics product remains elusive, and is likely to be a longer term growth driver rather than a near- term catalyst. Bottom line: SPS Commerce continues to deliver good results within its balanced growth and profitability framework in a retail environment that appears to remain challenging in 2019 thus far. We think the consistent and good execution continues in the future, as well as improving visibility into the LT EBITDA margin target, which supports valuation. Reiterate Outperform, $120 PT.”

According to TipRanks.com, Ikeda is a 5-star analyst with an average return of 36.3% and a 94.1% success rate. Ikeda covers the Technology sector, focusing on stocks such as Coupa Software Inc, BlackLine Inc, and Liveperson.

SPS Commerce has an analyst consensus of Strong Buy, with a price target consensus of $109.60.

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Based on SPS Commerce’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $7.14 million. In comparison, last year the company had a net profit of $3.25 million.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock.

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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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