SPS Commerce, Inc. (SPSC)

SPS Commerce Stock Forecast

Stock Price Forecast

The 11 analysts that cover SPS Commerce stock have a consensus rating of "Hold" and an average price target of $120, which forecasts a 45.79% increase in the stock price over the next year. The lowest target is $80 and the highest is $181.

Price Target: $120 (+45.79%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$80	$120	$110	$181
Change	-2.81%	+45.79%	+33.64%	+119.90%

Analyst Ratings

The average analyst rating for SPS Commerce stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jun '25	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25
Strong Buy	6	3	3	3	2	2
Buy	1	1	1	1	1	0
Hold	3	5	5	6	8	9
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	10	9	9	10	11	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Chris Quintero Morgan Stanley	Morgan Stanley	Buy → Hold Downgrades $140 → $100	Buy → Hold	Downgrades	$140 → $100	+21.49%	Nov 11, 2025
George Kurosawa Citigroup	Citigroup	Strong Buy Maintains $145 → $110	Strong Buy	Maintains	$145 → $110	+33.64%	Oct 31, 2025
Clark Wright DA Davidson	DA Davidson	Hold Maintains $125 → $80	Hold	Maintains	$125 → $80	-2.81%	Oct 31, 2025
Matthew Vanvliet Cantor Fitzgerald	Cantor Fitzgerald	Buy → Hold Downgrades $135 → $80	Buy → Hold	Downgrades	$135 → $80	-2.81%	Oct 31, 2025
Parker Lane Stifel	Stifel	Strong Buy → Hold Downgrades $150 → $80	Strong Buy → Hold	Downgrades	$150 → $80	-2.81%	Oct 31, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

770.58M

Increased by 20.83%

from 637.77M

Revenue Next Year

833.53M

Increased by 8.17%

from 770.58M

EPS This Year

4.17

Increased by 104.65%

from 2.04

EPS Next Year

4.64

Increased by 11.08%

from 4.17

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	312.63M	385.28M	450.88M	536.91M	637.77M	770.58M	833.53M
Revenue Growth	12.00%	23.24%	17.03%	19.08%	18.78%	20.83%	8.17%
EPS	1.26	1.21	1.49	1.76	2.04	4.17	4.64
EPS Growth	34.04%	-3.97%	23.14%	18.12%	15.91%	104.65%	11.08%
Forward PE	-	-	-	-	-	19.72	17.75
No. Analysts	-	-	-	-	-	15	15

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	800.6M	884.9M
Avg	770.6M	833.5M
Low	737.2M	788.9M

Revenue Growth

Revenue Growth	2025	2026	2027
High	25.5%	14.8%
Avg	20.8%	8.2%
Low	15.6%	2.4%

EPS Forecast

EPS	2025	2026	2027
High	4.39	5.16
Avg	4.17	4.64
Low	3.93	4.16

EPS Growth

EPS Growth	2025	2026	2027
High	115.1%	23.5%
Avg	104.7%	11.1%
Low	92.6%	-0.5%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.