Baird analyst Joe Vruwink lowered the firm’s price target on SPS Commerce (SPSC) to $175 from $188 and keeps a Neutral rating on the shares. The firm said it has a large addressable market opportunity but the focus is on its initial 2025 guidance.
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Read More on SPSC:
- SPS Commerce price target lowered to $175 from $198 at Piper Sandler
- SPS Commerce: Buy Rating Upheld Amid Adjusted Growth Forecasts and Expanding Market Potential
- SPS Commerce Reports Strong 2024 Financial Results
- Closing Bell Movers: Lattice Semi up 13% on earnings
- SPS Commerce reports Q4 EPS 89c, consensus 87c
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