$110.60
1.13%
Nasdaq, Sep 05, 10:00 pm CET
ISIN
US78463M1071
Symbol
SPSC

SPS Commerce Target price 2025 - Analyst rating & recommendation

SPS Commerce Classifications & Recommendation:

Buy
68%
Hold
32%

SPS Commerce Price Target

Target Price $165.75
Price $110.60
Potential
Number of Estimates 14
14 Analysts have issued a price target SPS Commerce 2026 . The average SPS Commerce target price is $165.75. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 19 analysts: 13 Analysts recommend SPS Commerce to buy, 6 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 & 2027

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Quarter Annually
Dec '24 2025
Estimates
Revenue Million $ 637.77 776.76
18.79% 21.79%
EBITDA Margin 17.62% 30.43%
1.35% 72.68%
Net Margin 12.08% 20.13%
1.45% 66.62%

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

$777m
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. This is
10.41% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$801m 13.87%
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, the lowest is
$745m 5.88%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 $638m 18.79%
2025
$777m 21.79%
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2026
$850m 9.39%
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2027
$936m 10.21%
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15 Analysts have issued an SPS Commerce EBITDA forecast 2025. The average SPS Commerce EBITDA estimate is

$236m
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. This is
74.88% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$245m 81.54%
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, the lowest is
$225m 66.75%
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.

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

EBITDA Estimates

2024 $112m 20.38%
2025
$236m 110.33%
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2026
$271m 14.80%
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2027
$316m 16.55%
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EBITDA Margin

2024 17.62% 1.35%
2025
30.43% 72.68%
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2026
31.94% 4.96%
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2027
33.78% 5.76%
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15 SPS Commerce Analysts have issued a net profit forecast 2025. The average SPS Commerce net profit estimate is

$156m
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. This is
88.47% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$164m 98.29%
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, the lowest is
$149m 79.25%
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.

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

Net Profit Estimates

2024 $77.1m 17.06%
2025
$156m 102.91%
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2026
$178m 13.57%
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2027
$209m 17.53%
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Net Margin

2024 12.08% 1.45%
2025
20.13% 66.62%
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2026
20.90% 3.83%
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2027
22.28% 6.60%
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Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 & 2027

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Quarter Annually
Dec '24 2025
Estimates
Earnings Per Share $ 2.04 4.12
15.91% 101.96%
P/E 26.83
EV/Sales 5.26

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

$4.12
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. This is
88.99% higher
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than earnings per share in the financial year 2024. The highest EPS forecast is
$4.34 99.08%
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, the lowest is
$3.92 79.82%
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.

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

Earnings Per Share

2024 $2.04 15.91%
2025
$4.12 101.96%
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2026
$4.68 13.59%
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2027
$5.50 17.52%
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P/E ratio

Current 50.73 51.49%
2025
26.83 47.12%
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2026
23.63 11.93%
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2027
20.10 14.94%
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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 5.81 52.49%
2025
5.26 9.48%
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2026
4.81 8.58%
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2027
4.36 9.26%
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P/S ratio

Current 5.96 53.04%
2025
5.40 9.43%
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2026
4.93 8.58%
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2027
4.48 9.27%
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Current SPS Commerce Upgrades & Downgrades

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Analyst Rating Action Date
Morgan Stanley
Locked
Locked
Locked Jul 31 2025
Needham
Locked
Locked
Locked Jul 31 2025
Stifel
Locked
Locked
Locked Jul 31 2025
Loop Capital
Locked
Locked
Locked Jul 31 2025
Morgan Stanley
Locked
Locked
Locked Jul 14 2025
Cantor Fitzgerald
Locked
Locked
Locked Jun 03 2025
Needham
Locked
Locked
Locked Apr 25 2025
Analyst Rating Date
Locked
Morgan Stanley:
Locked
Locked
Jul 31 2025
Locked
Needham:
Locked
Locked
Jul 31 2025
Locked
Stifel:
Locked
Locked
Jul 31 2025
Locked
Loop Capital:
Locked
Locked
Jul 31 2025
Locked
Morgan Stanley:
Locked
Locked
Jul 14 2025
Locked
Cantor Fitzgerald:
Locked
Locked
Jun 03 2025
Locked
Needham:
Locked
Locked
Apr 25 2025

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