SPS Commerce Stock Forecast

Stock Price Forecast

According to 12 analysts polled by S&P Global, SPS Commerce stock has a consensus rating of "Hold" and an average price target of $73.18. The average 1-year stock price forecast is 1.44% lower than the current stock price, while the lowest is $59 (-20.54%) and the highest is $103 (+38.72%).

Price Target: $73.18 (-1.44%)

Analyst Consensus: Hold

Price Target

Chart

Target	Low	Average	Median	High
Price	$59	$73.18	$70	$103
Change	-20.54%	-1.44%	-5.72%	+38.72%

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

Chart

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	3	3	2	2	2	2
Buy	1	1	1	1	1	1
Hold	8	8	9	9	9	8
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	1
Total	12	12	12	12	12	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jeff Van Rhee Craig-Hallum	Craig-Hallum	Hold Maintains $60 → $68	Hold	Maintains	$60 → $68	-8.42%	Jul 31, 2026
Chris Quintero Morgan Stanley	Morgan Stanley	Sell Maintains $57 → $59	Sell	Maintains	$57 → $59	-20.54%	Jul 31, 2026
Matthew VanVliet Cantor Fitzgerald	Cantor Fitzgerald	Hold Maintains $60 → $70	Hold	Maintains	$60 → $70	-5.72%	Jul 31, 2026
Gil Luria D.A. Davidson	D.A. Davidson	Hold Maintains $55 → $65	Hold	Maintains	$55 → $65	-12.46%	Jul 31, 2026
Joseph Vruwink Robert W. Baird	Robert W. Baird	Hold Maintains $70 → $78	Hold	Maintains	$70 → $78	+5.05%	Jul 31, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

790.65M

from 751.51M

5.21%

from 751.51M

Revenue Next Year

840.12M

from 790.65M

6.26%

from 790.65M

EPS This Year

4.90

from 4.27

14.84%

from 4.27

EPS Next Year

5.33

from 4.90

8.59%

from 4.90

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	385.28M	450.88M	536.91M	637.77M	751.51M	790.65M
Revenue Growth	23.24%	17.03%	19.08%	18.78%	17.83%	5.21%
Gross Profit	253.60M	297.81M	354.84M	427.05M	519.88M	565.02M
Gross Margin	65.82%	66.05%	66.09%	66.96%	69.18%	71.46%
Operating Income	55.09M	71.18M	77.25M	88.88M	118.30M	241.80M
Net Income	44.60M	55.13M	65.82M	77.05M	93.34M	83.83M
EPS	-	-	-	-	4.27	4.90
EPS Growth	-	-	-	-	22.70%	14.84%
Forward PE	74.79	54.83	64.15	49.10	20.47	15.14
Free Cash Flow	77.50M	80.42M	111.13M	133.30M	124.24M	184.00M
No. Analysts	-	-	-	-	-	12

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	791.9M
Avg	790.6M
Low	789.4M

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	5.4%
Avg	5.2%
Low	5.0%

EPS Forecast

Chart

EPS	2026	2027	2028
High	5.02
Avg	4.90
Low	4.84

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	17.6%
Avg	14.8%
Low	13.3%