SPS Commerce, Inc. (SPSC)

SPS Commerce Stock Forecast

Stock Price Forecast

According to 9 professional analysts, the 12-month price target for SPS Commerce stock ranges from a low of $120 to a high of $233. The average analyst price target of $165.33 forecasts a 43.33% increase in the stock price over the next year.

Price Target: $165.33 (+43.33%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$120	$165.33	$165	$233
Change	+4.03%	+43.33%	+43.04%	+101.99%

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	Feb '25	Mar '25	Apr '25	May '25	Jun '25	Jul '25
Strong Buy	7	7	7	7	6	3
Buy	0	0	0	0	1	1
Hold	3	3	3	3	3	5
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	10	10	10	10	10	9

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Mark Schappel Loop Capital	Loop Capital	Strong Buy → Hold Downgrades $175 → $120	Strong Buy → Hold	Downgrades	$175 → $120	+4.03%	Jul 31, 2025
Gil Luria DA Davidson	DA Davidson	Strong Buy → Hold Initiates $175 → $125	Strong Buy → Hold	Initiates	$175 → $125	+8.37%	Jul 31, 2025
Parker Lane Stifel	Stifel	Strong Buy Maintains $175 → $165	Strong Buy	Maintains	$175 → $165	+43.04%	Jul 31, 2025
Scott Berg Needham	Needham	Strong Buy Maintains $210 → $160	Strong Buy	Maintains	$210 → $160	+38.71%	Jul 31, 2025
Matthew Vanvliet Cantor Fitzgerald	Cantor Fitzgerald	Buy Initiates $170	Buy	Initiates	$170	+47.38%	Jun 3, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

775.86M

Increased by 21.65%

from 637.77M

Revenue Next Year

875.21M

Increased by 12.81%

from 775.86M

EPS This Year

4.01

Increased by 96.77%

from 2.04

EPS Next Year

4.62

Increased by 15.16%

from 4.01

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	312.63M	385.28M	450.88M	536.91M	637.77M	775.86M	875.21M	997.29M
Revenue Growth	12.00%	23.24%	17.03%	19.08%	18.78%	21.65%	12.81%	13.95%
EPS	1.26	1.21	1.49	1.76	2.04	4.01	4.62	5.48
EPS Growth	34.04%	-3.97%	23.14%	18.12%	15.91%	96.77%	15.16%	18.46%
Forward PE	-	-	-	-	-	28.74	24.95	21.07
No. Analysts	-	-	-	-	-	14	14	7

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

Revenue Forecast

Revenue	2025	2026	2027
High	801.2M	918.8M	1.0B
Avg	775.9M	875.2M	997.3M
Low	742.8M	815.3M	935.2M

Revenue Growth

Revenue Growth	2025	2026	2027
High	25.6%	18.4%	19.7%
Avg	21.7%	12.8%	13.9%
Low	16.5%	5.1%	6.8%

EPS Forecast

EPS	2025	2026	2027
High	4.35	4.99	6.05
Avg	4.01	4.62	5.48
Low	3.80	4.20	4.94

EPS Growth

EPS Growth	2025	2026	2027
High	113.1%	24.4%	31.0%
Avg	96.8%	15.2%	18.5%
Low	86.4%	4.7%	6.9%

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.