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Fly News Breaks for April 24, 2015
SPSC
Apr 24, 2015 | 07:44 EDT
Canaccord raised its price target on SPS Commerce to $80 from $70 following Q1 results, citing its solid execution, increased revenues and improving margins. Canaccord reiterated its Buy rating on SPS Commerce shares.
News For SPSC From the Last 2 Days
SPSC
Apr 24, 2024 | 08:24 EDT
DA Davidson elevated SPS Commerce to the firm's 'Best-of-Breed Bison' list while maintaining a Buy rating and $220 price target on the stock. The company offers the single most stable revenue growth profile in Vertical SaaS, compounding sales reliably at over 15%, the analyst tells investors in a research note. SPS Commerce's scale also offers a substantial moat in new customer acquisition costs, the firm added.