JMP Securities analyst Joe Goodwin raised the firm’s price target on SPS Commerce to $165 from $150 and keeps an Outperform rating on the shares. The company reported strong Q4 results and guidance was also better than expected, the analyst tells investors in a research note. JMP Securities likes SPS Commerce as the company is steadily managed by CEO Archie Black and CFO Kim Nelson, the business continues to display an impressive level of durability, its retail automation solutions consistently deliver value to retailers and suppliers as they embrace omnichannel commerce, and it has an attractive financial model, the firm says.
Published first on TheFly
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