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Cantor Fitzgerald Reaffirms Their Hold Rating on SPS Commerce (SPSC)

Tipranks - Tipranks - Sat Feb 14, 6:58AM CST

Cantor Fitzgerald analyst Matthew VanVliet maintained a Hold rating on SPS Commerce today and set a price target of $70.00.

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VanVliet covers the Technology sector, focusing on stocks such as Docebo, BlackLine, and HubSpot. According to TipRanks, VanVliet has an average return of -8.3% and a 36.67% success rate on recommended stocks.

In addition to Cantor Fitzgerald, SPS Commerce also received a Hold from Craig-Hallum’s Jeff Van Rhee in a report issued today. However, on the same day, Citi maintained a Buy rating on SPS Commerce (NASDAQ: SPSC).

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Based on SPS Commerce’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $189.9 million and a net profit of $25.57 million. In comparison, last year the company earned a revenue of $163.69 million and had a net profit of $23.46 million

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