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Morgan Stanley Reaffirms Their Hold Rating on SPS Commerce (SPSC)

Tipranks - Sat Feb 14, 8:02AM CST

Morgan Stanley analyst Chris Quintero maintained a Hold rating on SPS Commerce today and set a price target of $95.00.

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Quintero covers the Technology sector, focusing on stocks such as The Descartes Systems Group, Manhattan Associates, and Navan, Inc. Class A. According to TipRanks, Quintero has an average return of -7.8% and a 25.58% success rate on recommended stocks.

In addition to Morgan Stanley, SPS Commerce also received a Hold from Cantor Fitzgerald’s Matthew VanVliet in a report issued today. However, on the same day, Citi maintained a Buy rating on SPS Commerce (NASDAQ: SPSC).

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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