Recent Research Analysts’ Ratings Changes for SPS Commerce (SPSC)

SPS Commerce (NASDAQ: SPSC) recently received a number of ratings updates from brokerages and research firms:

• 11/11/2025 – SPS Commerce was given a new $100.00 price target on by analysts at Morgan Stanley. They now have an “equal weight” rating on the stock.
• 10/31/2025 – SPS Commerce was given a new $109.00 price target on by analysts at Northland Securities.
• 10/31/2025 – SPS Commerce was given a new $104.00 price target on by analysts at Robert W. Baird.
• 10/31/2025 – SPS Commerce had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $110.00 price target on the stock, down previously from $160.00.
• 10/31/2025 – SPS Commerce was downgraded by analysts at Cantor Fitzgerald from an “overweight” rating to a “neutral” rating. They now have a $80.00 price target on the stock, down previously from $135.00.
• 10/31/2025 – SPS Commerce was upgraded by analysts at Northland Capmk from a “hold” rating to a “strong-buy” rating.
• 10/31/2025 – SPS Commerce had its price target lowered by analysts at Citigroup Inc. from $145.00 to $110.00. They now have a “buy” rating on the stock.
• 10/31/2025 – SPS Commerce had its price target lowered by analysts at DA Davidson from $125.00 to $80.00. They now have a “neutral” rating on the stock.
• 10/31/2025 – SPS Commerce had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $80.00 price target on the stock, down previously from $150.00.
• 10/25/2025 – SPS Commerce was downgraded by analysts at Weiss Ratings from a “hold (c-)” rating to a “sell (d+)” rating.
• 10/14/2025 – SPS Commerce had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $140.00 price target on the stock, down previously from $170.00.
• 10/14/2025 – SPS Commerce was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating.
• 10/8/2025 – SPS Commerce had its “hold (c-)” rating reaffirmed by analysts at Weiss Ratings.
• 10/6/2025 – SPS Commerce was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating.
• 9/30/2025 – SPS Commerce was given a new $125.00 price target on by analysts at Northland Securities.
• 9/28/2025 – SPS Commerce was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating.
• 9/27/2025 – SPS Commerce had its “hold (c-)” rating reaffirmed by analysts at Weiss Ratings.
• 9/25/2025 – SPS Commerce had its “neutral” rating reaffirmed by analysts at DA Davidson. They now have a $125.00 price target on the stock.
• 9/24/2025 – SPS Commerce had its price target lowered by analysts at Cantor Fitzgerald from $170.00 to $135.00. They now have an “overweight” rating on the stock.
• 9/24/2025 – SPS Commerce had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $160.00 price target on the stock.
• 9/20/2025 – SPS Commerce was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating.

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.