SPS Commerce price target raised to $225 from $200 at Stifel

Stifel raised the firm’s price target on SPS Commerce to $225 from $200 and keeps a Buy rating on the shares following what the firm calls “another clean quarter,” beating on both the top and bottom lines. The firm, which expects go-to-market efficiencies starting in FY25, still views SPS as “a long-term share gainer in the supply chain management space,” the analyst tells investors.