Recent Investment Analysts’ Ratings Changes for SPS Commerce (SPSC)

Several brokerages have updated their recommendations and price targets on shares of SPS Commerce (NASDAQ: SPSC) in the last few weeks:

• 7/21/2026 – SPS Commerce had its “buy” rating reaffirmed by Citigroup Inc..
• 7/21/2026 – SPS Commerce was downgraded by Morgan Stanley from “overweight” to “underweight”. They now have a $57.00 price target on the stock, down from $70.00.
• 7/18/2026 – SPS Commerce was downgraded by Wall Street Zen from “buy” to “hold”.
• 7/14/2026 – SPS Commerce was downgraded by Zacks Research from “hold” to “strong sell”.
• 7/8/2026 – SPS Commerce was upgraded by Weiss Ratings from “sell (d)” to “sell (d+)”.
• 7/1/2026 – SPS Commerce was given a new $55.00 price target by DA Davidson. They now have a “neutral” rating on the 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.