$149.00
0.19% yesterday
Nasdaq, May 20, 10:00 pm CET
ISIN
US78463M1071
Symbol
SPSC

SPS Commerce Target price 2025 - Analyst rating & recommendation

SPS Commerce Classifications & Recommendation:

Buy
73%
Hold
27%

SPS Commerce Price Target

Target Price $178.33
Price $149.00
Potential
Number of Estimates 9
9 Analysts have issued a price target SPS Commerce 2026 . The average SPS Commerce target price is $178.33. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 11 analysts: 8 Analysts recommend SPS Commerce to buy, 3 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 $ 637.77 760.61
18.79% 19.26%
EBITDA Margin 20.56% 30.40%
1.45% 47.88%
Net Margin 12.15% 10.37%
2.42% 14.68%

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

$761m
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. This is
13.57% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$763m 13.85%
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, the lowest is
$758m 13.18%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 $638m 18.79%
2025
$761m 19.26%
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2026
$858m 12.78%
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2027
$981m 14.40%
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2028
$1.1b 14.89%
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10 Analysts have issued an SPS Commerce EBITDA forecast 2025. The average SPS Commerce EBITDA estimate is

$231m
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. This is
58.20% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$233m 59.05%
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, the lowest is
$230m 57.34%
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.

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

EBITDA Estimates

2024 $131m 17.06%
2025
$231m 76.39%
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2026
$266m 15.00%
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2027
$316m 18.87%
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2028
$384m 21.61%
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EBITDA Margin

2024 20.56% 1.45%
2025
30.40% 47.88%
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2026
31.00% 1.97%
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2027
32.22% 3.94%
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2028
34.10% 5.83%
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5 SPS Commerce Analysts have issued a net profit forecast 2025. The average SPS Commerce net profit estimate is

$78.9m
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. This is
2.99% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$80.6m 0.93%
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, the lowest is
$74.1m 8.88%
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.

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

Net Profit Estimates

2024 $77.5m 15.91%
2025
$78.9m 1.77%
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2026
$92.9m 17.78%
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2027
$122m 31.82%
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2028
$168m 37.15%
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Net Margin

2024 12.15% 2.42%
2025
10.37% 14.68%
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2026
10.83% 4.44%
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2027
12.48% 15.24%
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2028
14.90% 19.39%
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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 2.08
15.91% 1.96%
P/E 71.77
EV/Sales 7.33

5 Analysts have issued a SPS Commerce forecast for earnings per share. The average SPS Commerce EPS is

$2.08
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. This is
2.80% lower
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than earnings per share in the financial year 2024. The highest EPS forecast is
$2.12 0.93%
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, the lowest is
$1.95 8.88%
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.

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

Earnings Per Share

2024 $2.04 15.91%
2025
$2.08 1.96%
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2026
$2.45 17.79%
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2027
$3.22 31.43%
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2028
$4.42 37.27%
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P/E ratio

Current 69.69 35.20%
2025
71.77 2.98%
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2026
60.94 15.09%
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2027
46.22 24.15%
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2028
33.70 27.09%
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Based on analysts' sales estimates for 2025, the SPS Commerce stock is valued at an EV/Sales of

and an P/S ratio of .

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

EV/Sales

Current 8.33 33.15%
2025
7.33 11.99%
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2026
6.50 11.33%
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2027
5.68 12.59%
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2028
4.95 12.96%
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P/S ratio

Current 8.45 34.77%
2025
7.44 11.95%
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2026
6.60 11.33%
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2027
5.77 12.59%
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2028
5.02 12.96%
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Current SPS Commerce Upgrades & Downgrades

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Analyst Rating Action Date
Needham
Locked
Locked
Locked Apr 25 2025
Baird
Locked
Locked
Locked Apr 25 2025
DA Davidson
Locked
Locked
Locked Apr 14 2025
Needham
Locked
Locked
Locked Mar 26 2025
Stifel
Locked
Locked
Locked Feb 11 2025
Needham
Locked
Locked
Locked Feb 11 2025
Piper Sandler
Locked
Locked
Locked Feb 11 2025
Analyst Rating Date
Locked
Needham:
Locked
Locked
Apr 25 2025
Locked
Baird:
Locked
Locked
Apr 25 2025
Locked
DA Davidson:
Locked
Locked
Apr 14 2025
Locked
Needham:
Locked
Locked
Mar 26 2025
Locked
Stifel:
Locked
Locked
Feb 11 2025
Locked
Needham:
Locked
Locked
Feb 11 2025
Locked
Piper Sandler:
Locked
Locked
Feb 11 2025

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