$132.18
0.10% today
Nasdaq, Feb 28, 09:48 pm CET
ISIN
US78463M1071
Symbol
SPSC

SPS Commerce Target price 2025 - Analyst rating & recommendation

SPS Commerce Classifications & Recommendation:

Buy
69%
Hold
31%

SPS Commerce Price Target

Target Price $202.60
Price $132.04
Potential
Number of Estimates 10
10 Analysts have issued a price target SPS Commerce 2026 . The average SPS Commerce target price is $202.60. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 13 analysts: 9 Analysts recommend SPS Commerce to buy, 4 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the SPS Commerce stock has an average upside potential 2026 of . Most analysts recommend the SPS Commerce stock at Purchase.

Sales and Margin forecast 2025, 2026 to 2028

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Quarter Annually
Dec '24 2025
Estimates
Revenue Million $ 637.77 761.27
18.79% 19.36%
EBITDA Margin 20.56% 30.17%
1.45% 46.76%
Net Margin 12.05% 9.52%
2.42% 20.97%

11 Analysts have issued a sales forecast SPS Commerce 2025 . The average SPS Commerce sales estimate is

$761m
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. This is
19.36% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$763m 19.67%
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, the lowest is
$760m 19.12%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 $638m 18.79%
2025
$761m 19.36%
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2026
$869m 14.19%
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2027
$1.0b 15.40%
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2028
$1.1b 14.25%
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11 Analysts have issued an SPS Commerce EBITDA forecast 2025. The average SPS Commerce EBITDA estimate is

$230m
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. This is
75.17% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$231m 76.19%
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, the lowest is
$227m 73.50%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2024 $131m 17.06%
2025
$230m 75.17%
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2026
$271m 17.95%
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2027
$322m 19.04%
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2028
$384m 19.07%
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EBITDA Margin

2024 20.56% 1.45%
2025
30.17% 46.76%
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2026
31.16% 3.28%
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2027
32.14% 3.15%
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2028
33.50% 4.23%
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5 SPS Commerce Analysts have issued a net profit forecast 2025. The average SPS Commerce net profit estimate is

$72.4m
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. This is
5.25% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$74.9m 1.97%
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, the lowest is
$64.8m 15.26%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2024 $76.8m 15.91%
2025
$72.4m 5.71%
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2026
$94.3m 30.19%
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2027
$121m 28.76%
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2028
$168m 38.25%
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Net Margin

2024 12.05% 2.42%
2025
9.52% 20.97%
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2026
10.85% 13.97%
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2027
12.10% 11.52%
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2028
14.65% 21.07%
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Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2028

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Quarter Annually
Dec '24 2025
Estimates
Earnings Per Share $ 2.04 1.92
15.91% 5.88%
P/E 68.65
EV/Sales 6.25

5 Analysts have issued a SPS Commerce forecast for earnings per share. The average SPS Commerce <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$1.92
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. This is
5.42% lower
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than earnings per share in the financial year 2024. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$1.99 1.97%
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, the lowest is
$1.72 15.27%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2024 $2.04 15.91%
2025
$1.92 5.88%
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2026
$2.50 30.21%
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2027
$3.22 28.80%
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2028
$4.46 38.51%
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P/E ratio

Current 64.91 38.05%
2025
68.65 5.76%
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2026
52.73 23.19%
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2027
40.95 22.34%
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2028
29.62 27.67%
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Based on analysts' sales estimates for 2025, the SPS Commerce stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 7.46 38.80%
2025
6.25 16.20%
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2026
5.47 12.42%
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2027
4.74 13.35%
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2028
4.15 12.48%
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P/S ratio

Current 7.82 38.31%
2025
6.55 16.22%
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2026
5.74 12.43%
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2027
4.97 13.35%
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2028
4.35 12.48%
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Current SPS Commerce Upgrades & Downgrades Beta

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Analyst Rating Action Date
Piper Sandler Locked ➜ Locked Locked Feb 11 2025
Baird Locked ➜ Locked Locked Feb 11 2025
Stifel Locked ➜ Locked Locked Feb 11 2025
Needham Locked ➜ Locked Locked Feb 11 2025
Northland Capital Markets Locked ➜ Locked Locked Feb 11 2025
Citigroup Locked ➜ Locked Locked Jan 27 2025
Needham Locked ➜ Locked Locked Jan 15 2025
Analyst Rating Date
Locked
Piper Sandler: Locked ➜ Locked
Feb 11 2025
Locked
Baird: Locked ➜ Locked
Feb 11 2025
Locked
Stifel: Locked ➜ Locked
Feb 11 2025
Locked
Needham: Locked ➜ Locked
Feb 11 2025
Locked
Northland Capital Markets: Locked ➜ Locked
Feb 11 2025
Locked
Citigroup: Locked ➜ Locked
Jan 27 2025
Locked
Needham: Locked ➜ Locked
Jan 15 2025

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