Cantor Fitzgerald lowered the firm’s price target on SPS Commerce (SPSC) to $135 from $170 and keeps an Overweight rating on the shares. There were few surprises at the company’s Analyst Day in Minneapolis given that SPS proactively provided medium-term financial targets during the Q2 earnings call, the analyst tells investors in a research note. SPS SPSC has likely entered a more mature growth phase, and this is a high-quality business with network effects that provide a competitive advantage, Cantor argues.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPSC:
- SPS Commerce: Leveraging Network-Led Strategy and AI for Robust Growth
- Strategic Growth and Profitability Potential Drive Buy Rating for SPS Commerce
- SPS Commerce: Promising Growth with Strategic Expansion and AI Integration
- SPS Commerce Reports Strong Growth Amid Challenges
- SPS Commerce price target lowered to $160 from $210 at Needham