SPS Commerce (SPSC) – Analysts’ Recent Ratings Changes

Posted by Casey Walker on May 12th, 2026

SPS Commerce (NASDAQ: SPSC) has recently received a number of price target changes and ratings updates:

5/4/2026 – SPS Commerce had its price target lowered by Citigroup Inc. from $84.00 to $76.00. They now have a “buy” rating on the stock.
5/4/2026 – SPS Commerce was downgraded by Wall Street Zen from “buy” to “hold”.
5/1/2026 – SPS Commerce was given a new $70.00 price target by Morgan Stanley.
5/1/2026 – SPS Commerce was given a new $60.00 price target by Cantor Fitzgerald. They now have a “neutral” rating on the stock.
5/1/2026 – SPS Commerce was given a new $60.00 price target by Stifel Nicolaus.
5/1/2026 – SPS Commerce had its price target lowered by DA Davidson from $65.00 to $55.00. They now have a “neutral” rating on the stock.
5/1/2026 – SPS Commerce had its price target lowered by Needham & Company LLC from $110.00 to $75.00. They now have a “buy” rating on the stock.
4/29/2026 – SPS Commerce was upgraded by Weiss Ratings from “sell (d)” to “sell (d+)”.
4/26/2026 – SPS Commerce was upgraded by Wall Street Zen from “hold” to “buy”.
4/18/2026 – SPS Commerce was downgraded by Wall Street Zen from “buy” to “hold”.
4/16/2026 – SPS Commerce was given a new $60.00 price target by Rothschild & Co Redburn. They now have a “neutral” rating on the stock.
4/16/2026 – SPS Commerce was downgraded by Rothschild & Co Redburn from “buy” to “neutral”. They now have a $60.00 price target on the stock, down from $100.00.
3/14/2026 – SPS Commerce was upgraded by Wall Street Zen from “hold” to “buy”.

Insiders Place Their Bets

In other SPS Commerce news, CFO Kimberly K. Nelson sold 6,300 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $58.66, for a total transaction of $369,558.00. Following the transaction, the chief financial officer owned 145,452 shares in the company, valued at approximately $8,532,214.32. The trade was a 4.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jamie Thingelstad sold 2,418 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $54.94, for a total value of $132,844.92. Following the transaction, the executive vice president owned 56,344 shares in the company, valued at $3,095,539.36. The trade was a 4.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 23,102 shares of company stock worth $1,345,408. Company insiders own 0.58% 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.