SPS Commerce, Inc. (SPSC)

SPS Commerce Stock Forecast

Stock Price Forecast

The 9 analysts that cover SPS Commerce stock have a consensus rating of "Buy" and an average price target of $100.89, which forecasts a 74.10% increase in the stock price over the next year. The lowest target is $65 and the highest is $159.

Price Target: $100.89 (+74.10%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$65	$100.89	$100	$159
Change	+12.17%	+74.10%	+72.56%	+174.37%

Analyst Ratings

The average analyst rating for SPS Commerce stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26
Strong Buy	3	2	2	2	2	2
Buy	1	1	0	0	0	0
Hold	6	8	9	9	9	7
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	10	11	11	11	11	9

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Clark Wright DA Davidson	DA Davidson	Hold Maintains $80 → $65	Hold	Maintains	$80 → $65	+12.17%	Feb 17, 2026
George Kurosawa Citigroup	Citigroup	Strong Buy Maintains $110 → $84	Strong Buy	Maintains	$110 → $84	+44.95%	Feb 13, 2026
Parker Lane Stifel	Stifel	Hold Maintains $80 → $65	Hold	Maintains	$80 → $65	+12.17%	Feb 13, 2026
Chris Quintero Morgan Stanley	Morgan Stanley	Buy → Hold Downgrades $140 → $100	Buy → Hold	Downgrades	$140 → $100	+72.56%	Nov 11, 2025
George Kurosawa Citigroup	Citigroup	Strong Buy Maintains $145 → $110	Strong Buy	Maintains	$145 → $110	+89.82%	Oct 31, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

821.70M

Increased by 9.34%

from 751.51M

Revenue Next Year

877.39M

Increased by 6.78%

from 821.70M

EPS This Year

4.62

Increased by 87.80%

from 2.46

EPS Next Year

5.26

Increased by 13.84%

from 4.62

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	385.28M	450.88M	536.91M	637.77M	751.51M	821.70M	877.39M
Revenue Growth	23.24%	17.03%	19.08%	18.78%	17.83%	9.34%	6.78%
EPS	1.21	1.49	1.76	2.04	2.46	4.62	5.26
EPS Growth	-3.97%	23.14%	18.12%	15.91%	20.59%	87.80%	13.84%
Forward PE	-	-	-	-	-	12.54	11.02
No. Analysts	-	-	-	-	-	15	11

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

Revenue Forecast

Revenue	2026	2027	2028
High	902.9M	931.5M
Avg	821.7M	877.4M
Low	754.9M	811.7M

Revenue Growth

Revenue Growth	2026	2027	2028
High	20.1%	13.4%
Avg	9.3%	6.8%
Low	0.4%	-1.2%

EPS Forecast

EPS	2026	2027
High	5.23	5.61
Avg	4.62	5.26
Low	4.16	4.66

EPS Growth

EPS Growth	2026	2027
High	112.6%	21.4%
Avg	87.8%	13.8%
Low	68.9%	1.0%

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.