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Fly News Breaks for October 30, 2017
SPSC
Oct 30, 2017 | 09:11 EDT
Benchmark analyst Mark Schappel downgraded SPS Commerce to Sell saying "another leg-down" in sales growth is likely over the next 6-12 months. Retail sector headwinds are likely to persist much longer than expected and recently lowered consensus estimates are still too high, Schappel tells investors in a research note. He has a $41 price target for the 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.
