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Fly News Breaks for February 13, 2019
SPSC
Feb 13, 2019 | 09:30 EDT
Needham analyst Scott Berg raised his price target on SPS Commerce to $110 and kept his Buy rating after its "strong" Q4 results, with a 3rd consecutive quarter of revenue growth above its historical rate. The analyst cites continued strength in the company's fulfillment segment and margin leverage expanding faster than expected. Berg adds that the 8% increase in the average revenue per user suggests that the up-market sales by SPS Commerce to bigger customers remain "healthy".
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