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Investing.com - DA Davidson maintained its Neutral rating and $125.00 price target on SPS Commerce (NASDAQ:SPSC) following the company’s 2025 investor day event. The stock, currently trading at $107.49, sits near its 52-week low of $102.05, despite InvestingPro analysis indicating potential undervaluation.
The research firm noted that while the investor day did not include new product announcements, it provided insights into SPS Commerce’s product roadmap and generative AI strategy.
Management devoted significant time during the presentation to explaining the company’s updated high-single-digit organic year-over-year growth outlook and long-term plans to capture a larger share of its expanding total addressable market.
The investor day also featured a customer panel followed by a question-and-answer session, giving analysts additional perspective on the company’s market position.
DA Davidson analyst coverage of SPS Commerce has transitioned to Clark Wright, who maintains the firm’s $125 price target based on 22 times the company’s projected 2026 free cash flow.
In other recent news, SPS Commerce has been the subject of multiple analyst updates following its Investor and Analyst Days. DA Davidson downgraded the stock from Buy to Neutral, adjusting the price target to $125.00 from $175.00. This change reflects a revised growth outlook, with projections now indicating high single-digit organic growth beyond 2025. Meanwhile, Needham reaffirmed its Buy rating, setting a price target of $160.00, despite lowering it from $210.00 due to tariff concerns. Needham noted that SPS Commerce’s second-quarter results exceeded expectations, though revenue was on the lower end of the historical range.
Cantor Fitzgerald also lowered its price target to $135.00 from $170.00, maintaining an Overweight rating after highlighting the company’s network strength and AI opportunities. Stifel adjusted its price target to $150.00 from $165.00, citing macroeconomic concerns while keeping a Buy rating. These developments indicate varied analyst perspectives on SPS Commerce’s future growth potential and strategies.
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