Initiated Neutral X

SPSC SPS Commerce

Piper Sandler

$198

Downgrades Outperform Mkt Perform X

SPSC SPS Commerce

Northland Capital

Initiated Buy X

SPSC SPS Commerce

Redburn Atlantic

$220

Initiated Buy X

SPSC SPS Commerce

Citigroup

$216

Initiated Buy X

SPSC SPS Commerce

DA Davidson

$200

Upgrades Mkt Perform Outperform X

SPSC SPS Commerce

Northland Capital

$175 $177

Downgrades Outperform Neutral X

SPSC SPS Commerce

Robert W. Baird

$151

Downgrades Outperform Mkt Perform X

SPSC SPS Commerce

Northland Capital

$140 $170

Upgrades Neutral Outperform X

SPSC SPS Commerce

Robert W. Baird

$124 $130

Resumed Buy X

SPSC SPS Commerce

Stifel

$130

Upgrades Mkt Perform Outperform X

SPSC SPS Commerce

Northland Capital

$113 $123

Reiterated Buy X

SPSC SPS Commerce

The Benchmark Company

$110 $120

Reiterated Buy X

SPSC SPS Commerce

Needham

$110 $120

Reiterated Buy X

SPSC SPS Commerce

Needham

$64 $110

Reiterated Neutral X

SPSC SPS Commerce

First Analysis Sec

$69 $86

Reiterated Buy X

SPSC SPS Commerce

Canaccord Genuity

$75 $85

Upgrades Hold Buy X

SPSC SPS Commerce

Canaccord Genuity

$57 $75

Upgrades Sell Hold X

SPSC SPS Commerce

The Benchmark Company

SPSC  SPS Commerce, Inc.

SPS Commerce, Inc. is a provider of cloud-based supply chain management solutions, providing network-proven fulfillment, sourcing and item assortment management solutions, along with retail performance analytics. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that manages the way suppliers, retailers, distributors and logistics firms orchestrate the sourcing, set up of new vendors and items, and fulfillment of products that customers buy from retailers and suppliers. The Fulfillment solution provides fulfillment automation and replaces or augments an organization's existing trading partner electronic communication infrastructure, enabling suppliers to have visibility into the journey of an order and comply with retailers' rule books and enabling the electronic exchange of information among various trading partners through various protocols. The Community Development solution provides communication programs based on its best practices.