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Fly News Breaks for January 7, 2016
SPSC
Jan 7, 2016 | 07:52 EDT
Canaccord said the Toolbox acquisition by SPS Commerce accelerates its entry into new business segments. The firm continues to like SPS Commerce due to its limited direct competition, the virality of its network business model, and predictable organic subscription growth. Canaccord reiterated its Buy rating and $85 price target 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.
