Stifel lowered the firm’s price target on SPS Commerce (SPSC) to $200 from $225 and keeps a Buy rating on the shares. Shares traded about 3% lower after-hours in response to the company’s Q4 revenue beat and largely in-line guidance, notes the analyst, who believes investors will be looking to gain more clarity on the organic growth characteristics of the business with “core/organic” revenue initially guided to 10%-11% growth for 2025.
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Read More on SPSC:
- Hold Rating on SPS Commerce: Balanced Valuation Amid Strong Growth and Market Expansion
- SPS Commerce price target lowered to $175 from $188 at Baird
- 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
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