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Fly News Breaks for July 24, 2018
SPSC
Jul 24, 2018 | 08:58 EDT
Craig-Hallum analyst Jeff Van Rhee raised his price target for SPS Commerce to $88 from $77 as he believes solid ARPU growth and meaningful potential margin expansion are likely to continue driving shares higher. The analyst reiterates a Buy rating on the shares.
News For SPSC From the Last 2 Days
SPSC
Apr 26, 2024 | 08:59 EDT
SPSC
Apr 26, 2024 | 07:12 EDT
SPSC
Apr 25, 2024 | 16:21 EDT
Sees FY24 revenue $619.9M-$621.9M, consensus $618.89M. Sees FY24 adjusted EBITDA $185.1M-$186.7M. "SPS Commerce delivered a strong start to the year and the 93rd consecutive quarter of revenue growth," said Kim Nelson, CFO of SPS Commerce. "As we capitalize on ongoing opportunities across our addressable markets, we continue to invest in our solutions and customer experience to strengthen our competitive position across the largest network of trading partners in the retail supply chain."
SPSC
Apr 25, 2024 | 16:20 EDT
Sees Q2 revenue $150.9M-$151.7M, consensus $151.18M. Sees Q2 adjusted EBITDA $43.4M-$44.1M.
SPSC
Apr 25, 2024 | 16:18 EDT
Reports Q1 revenue $149.58M, consensus $146.56M. "SPS' vast network and go-to-market strategy are unique differentiators of our business model, evidenced by our strong channel partnerships and longstanding customer relationships," said Chad Collins, CEO of SPS Commerce. "Ongoing investments in supply chain management, coupled with SPS' competitive position underscore our conviction in the growth opportunity ahead of us."
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.
