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Fly News Breaks for August 28, 2019
SPSC
Aug 28, 2019 | 07:04 EDT
Benchmark analyst Mark Schappel views the recent pullback in shares of SPS Commerce as a good entry point to build positions. The acquisition of the MAPADOC division from SilverSun Technologies fits squarely within SPS's strategy of extending its cloud-based EDI trading network through customer acquisitions, Schappel tells investors in a research note. He keeps a Buy rating on SPS Commerce with a $60 price target.
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.
