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Fly News Breaks for April 27, 2018
SPSC
Apr 27, 2018 | 07:37 EDT
As reported previously, Canaccord analyst David Hynes upgraded SPS Commerce to Buy from Hold. The analyst noted the company's focus on network based business models that can scale with incredibly high margins. He said the company's growth strategy and current valuation could lead to 15-20% upside. Hynes raised his price target to $75 from $57 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.
