SPS Commerce, Inc. (SPSC)

SPS Commerce Stock Forecast

Stock Price Forecast

The 10 analysts that cover SPS Commerce stock have a consensus rating of "Hold" and an average price target of $96.8, which forecasts a 67.16% increase in the stock price over the next year. The lowest target is $60 and the highest is $159.

Price Target: $96.8 (+67.16%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$60	$96.8	$100	$159
Change	+3.61%	+67.16%	+72.68%	+174.56%

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	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26
Strong Buy	2	2	2	2	2	2
Buy	0	0	0	0	0	0
Hold	9	9	9	7	7	8
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	11	11	11	9	9	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Lachlan Brown Rothschild & Co	Rothschild & Co	Strong Buy → Hold Downgrades $100 → $60	Strong Buy → Hold	Downgrades	$100 → $60	+3.61%	Apr 16, 2026
Clark Wright DA Davidson	DA Davidson	Hold Maintains $80 → $65	Hold	Maintains	$80 → $65	+12.24%	Feb 17, 2026
George Kurosawa Citigroup	Citigroup	Strong Buy Maintains $110 → $84	Strong Buy	Maintains	$110 → $84	+45.05%	Feb 13, 2026
Parker Lane Stifel	Stifel	Hold Maintains $80 → $65	Hold	Maintains	$80 → $65	+12.24%	Feb 13, 2026
Chris Quintero Morgan Stanley	Morgan Stanley	Buy → Hold Downgrades $140 → $100	Buy → Hold	Downgrades	$140 → $100	+72.68%	Nov 11, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

818.00M

Increased by 8.85%

from 751.51M

Revenue Next Year

878.25M

Increased by 7.37%

from 818.00M

EPS This Year

4.58

Increased by 86.19%

from 2.46

EPS Next Year

5.18

Increased by 13.12%

from 4.58

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	818.00M	878.25M
Revenue Growth	23.24%	17.03%	19.08%	18.78%	17.83%	8.85%	7.37%
EPS	1.21	1.49	1.76	2.04	2.46	4.58	5.18
EPS Growth	-3.97%	23.14%	18.12%	15.91%	20.59%	86.19%	13.12%
Forward PE	-	-	-	-	-	12.64	11.18
No. Analysts	-	-	-	-	-	15	13

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

Revenue Forecast

Revenue	2026	2027	2028
High	844.0M	910.3M
Avg	818.0M	878.3M
Low	782.8M	838.3M

Revenue Growth

Revenue Growth	2026	2027	2028
High	12.3%	11.3%
Avg	8.8%	7.4%
Low	4.2%	2.5%

EPS Forecast

EPS	2026	2027	2028
High	4.89	5.66
Avg	4.58	5.18
Low	4.35	4.70

EPS Growth

EPS Growth	2026	2027	2028
High	98.9%	23.6%
Avg	86.2%	13.1%
Low	76.9%	2.7%

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.