SPS Commerce (SPSC) – Research Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for SPS Commerce (NASDAQ: SPSC):

• 2/13/2026 – SPS Commerce was given a new $95.00 price target on by analysts at Morgan Stanley.
• 2/13/2026 – SPS Commerce was given a new $86.00 price target on by analysts at Robert W. Baird.
• 2/13/2026 – SPS Commerce was given a new $70.00 price target on by analysts at Cantor Fitzgerald.
• 2/13/2026 – SPS Commerce was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating. They now have a $70.00 price target on the stock.
• 2/13/2026 – SPS Commerce was given a new $65.00 price target on by analysts at Stifel Nicolaus. They now have a “hold” rating on the stock.
• 2/13/2026 – SPS Commerce had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $84.00 price target on the stock, down previously from $110.00.
• 1/22/2026 – SPS Commerce had its “sell (d+)” rating reaffirmed by analysts at Weiss Ratings.
• 1/10/2026 – SPS Commerce was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating.

Insider Transactions at SPS Commerce

In other news, Director Marty M. Reaume sold 1,000 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $79.92, for a total value of $79,920.00. Following the completion of the sale, the director owned 9,158 shares in the company, valued at approximately $731,907.36. This trade represents a 9.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.98% of the company’s stock.

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.