Cantor Fitzgerald Reaffirms Their Hold Rating on SPS Commerce (SPSC)
Cantor Fitzgerald analyst Matthew VanVliet maintained a Hold rating on SPS Commerce yesterday and set a price target of $100.00. The company’s shares closed yesterday at $91.49.
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According to TipRanks, VanVliet is an analyst with an average return of -5.0% and a 41.05% success rate. VanVliet covers the Technology sector, focusing on stocks such as Salesforce, SPS Commerce, and HubSpot.
Currently, the analyst consensus on SPS Commerce is a Moderate Buy with an average price target of $102.00.
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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