SPS Commerce, a leader in retail supply chain cloud services, announced the acquisition of Carbon6 Technologies, a provider of software tools for Amazon sellers. The acquisition aims to strengthen SPS Commerce's ability to optimize invoice deduction disputes and provide revenue recovery solutions for suppliers.

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MINNEAPOLIS, May 29, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced that management will present at the William Blair 44th Annual Growth Stock Conference on Wednesday, June 5, 2024, at 1:20 PM C.T.

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6 analysts have shared their evaluations of SPS Commerce (NASDAQ:SPSC) during the recent three months, expressing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 0 1 0 0 Last 30D 1 0 0 0 0 1M Ago 3 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $207.67, a high estimate of $222.00, and a low estimate of $178.00. Observing a 7.88% increase, the current average has risen from the previous average price target of $192.50. Deciphering Analyst Ratings: An In-Depth Analysis In examining recent analyst actions, we gain insights into how financial experts perceive SPS Commerce. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Lachlan Brown Redburn Atlantic Announces Buy $220.00 - George Kurosawa Citigroup Raises Buy $222.00 $213.00 Scott Berg Needham Maintains Buy $205.00 - Joe Vruwink Baird Raises Neutral $178.00 $172.00 Scott Berg Needham Maintains Buy $205.00 - George Kurosawa Citigroup Announces Buy $216.00 - Key Insights: Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to SPS Commerce. This insight gives a snapshot of analysts' perspectives on ...Full story available on Benzinga.com

Acquisition expands company’s product portfolio in supply chain performance and optimization

4 analysts have shared their evaluations of SPS Commerce (NASDAQ:SPSC) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 0 1 0 0 Last 30D 1 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 1 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for SPS Commerce, presenting an average target of $201.0, a high estimate of $216.00, and a low estimate of $178.00. This current average reflects an increase of 16.86% from the previous average price target of $172.00. Decoding Analyst Ratings: A Detailed Look The perception of SPS Commerce by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Joe Vruwink Baird Raises Neutral $178.00 $172.00 Scott Berg Needham Maintains Buy $205.00 - George Kurosawa Citigroup Announces Buy $216.00 - Scott Berg Needham Maintains Buy $205.00 - Key Insights: Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to SPS Commerce. This information provides a snapshot of how analysts perceive the ...Full story available on Benzinga.com

Company delivers 93rd consecutive quarter of topline growth

MINNEAPOLIS, April 11, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail cloud services, today announced that it will issue its financial results for the first quarter ended March 31, 2024, after the market close on Thursday, April 25, 2024. SPS Commerce will host a call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day.

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