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.
See today’s analyst top recommended stocks >>
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.
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. 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.