Northland raised the firm’s price target on SPS Commerce to $200 from $177 and keeps an Outperform rating on the shares. While the firm’s calendar 2024 estimates are “largely unchanged,” it says its higher target is mainly driven by an increase in its long-term growth rate to 18% from 16%.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SPSC:
- SPS Commerce Reports Fourth Quarter and Fiscal Year 2023 Financial Results
- SPS Commerce (SPSC) Q4 Earnings Cheat Sheet
- SPS Commerce Announces Date of Fourth Quarter and Fiscal Year 2023 Financial Results
- SPS Commerce to Present at the 26th Annual Needham Growth Conference
- SPS Commerce participates in a conference call with Craig-Hallum