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Fly News Breaks for April 21, 2017
SPSC
Apr 21, 2017 | 09:24 EDT
Benchmark analyst Mark Schappel downgraded SPS Commerce to Hold from Buy, citing his view that recurring revenue growth likely won't reaccelerate to management's 20% target soon. He lowered his price target on the stock to $56.
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.
