SPS Commerce (SPSC) Received its Third Buy in a Row

After Needham and Craig-Hallum gave SPS Commerce (NASDAQ: SPSC) a Buy rating last month, the company received another Buy, this time from Canaccord Genuity. Analyst David Hynes maintained a Buy rating on SPS Commerce today and set a price target of $110. The company’s shares opened today at $103.29.

According to TipRanks.com, Hynes is a top 100 analyst with an average return of 30.5% and a 73.2% success rate. Hynes covers the Technology sector, focusing on stocks such as Aspen Technology, Descartes, and Zendesk.

SPS Commerce has an analyst consensus of Strong Buy, with a price target consensus of $110.67, representing a 7.1% upside. In a report released today, Needham 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 $54.21. Currently, SPS Commerce has an average volume of 171K.

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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.

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