SPS Commerce, Inc. (SPSC) Price Target Analysis
Updated Jun 18, 2026
Analyst Rating: Hold
Based on 23 analysts29.3% Below Target
SPSC trades 29.3% below Wall Street's consensus target of $68.71.
Current Price$53.13
Average Target$68.71
Target
Current
Low$60.00
Median$70.00
High$86.00
Analyst Target Range
Forward P/E11.2x
(Value)
PEG Ratio0.78
(Undervalued)
Implied Growth+95.1%
(High Growth)
Analyst Spread37.8%
(Moderate)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes SPSC achieves its forward estimates and maintains a stable P/E multiple of 11.2x. This scenario reflects the blended consensus of 23 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
SPSC Price Target Analysis
Updated June 21, 2026As of June 21, 2026, SPS Commerce, Inc. (SPSC) has a Wall Street consensus price target of $68.71, based on estimates from 23 covering analysts. With the stock currently trading at $53.13, this represents a potential upside of +29.3%. The company has a market capitalization of $1.99B.
Analyst price targets range from a low of $60.00 to a high of $86.00, representing a 38% spread in expectations. The median target of $70.00 aligns closely with the consensus average.
The current analyst consensus rating is Hold, with 10 analysts rating the stock as a Buy or Strong Buy,13 rating it Hold, and 0 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, SPSC trades at a trailing P/E of 21.6x and forward P/E of 11.2x. The forward PEG ratio of 0.78 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +95.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $80.53, with bear and bull scenarios of $50.73 and $106.10 respectively. Model confidence stands at 59/100, reflecting moderate uncertainty in projections.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Technology stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+45.7%
Industry Consensus
Avg Forward P/E
21.8x
(Fair)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 GDDYGoDaddy Inc. | $10.3B | $77.04 | $111.63 | +44.9% | Buy | 10.8x | 38 |
 CWANClearwater Analytics Holdings, Inc. | $7.2B | $24.29 | $24.55 | +1.1% | Hold | 35.8x | 13 |
 ALKTAlkami Technology, Inc. | $1.6B | $14.68 | $22.00 | +49.9% | Buy | 18.8x | 12 |
 APPFAppFolio, Inc. | $5.5B | $151.50 | $236.67 | +56.2% | Buy | 22.3x | 13 |
 PCTYPaylocity Holding Corporation | $5.4B | $101.06 | $147.09 | +45.5% | Buy | 12.5x | 41 |
 NCNOnCino, Inc. | $1.6B | $14.80 | $27.50 | +85.8% | Buy | 16.3x | 23 |
 ORCLOracle Corporation | $530.1B | $184.31 | $253.50 | +37.5% | Buy | 22.9x | 86 |
 SAPSAP SE | $180.9B | $155.22 | $240.67 | +55.1% | Buy | 21.2x | 43 |
 MANHManhattan Associates, Inc. | $7.8B | $132.28 | $197.80 | +49.5% | Buy | 24.7x | 15 |
 GTLBGitLab Inc. | $4.5B | $26.56 | $34.80 | +31.0% | Hold | 32.7x | 30 |
SPSC — Frequently Asked Questions
Quick answers to the most common questions about buying SPSC stock.
What is the SPSC stock price target for 2026?
The consensus Wall Street price target for SPSC is $68.71, representing 29.3% upside from the current price of $53.13. With 23 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is SPSC a buy, sell, or hold?
SPSC has a consensus rating of "Hold" based on 23 Wall Street analysts. The rating breakdown is mixed, with 13 Hold ratings making up the largest segment. The consensus 12-month price target of $68.71 implies 29.3% upside from current levels.
Is SPSC stock overvalued or undervalued?
With a forward P/E of 11.2214x, SPSC trades at a relatively low valuation. The consensus target of $68.71 implies 29.3% appreciation, suggesting meaningful undervaluation.
How high can SPSC stock go?
The most bullish Wall Street analyst has a price target of $86 for SPSC, while the most conservative target is $60. The consensus of $68.71 represents the median expectation. Our quantitative valuation model projects a bull case target of $106 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover SPSC stock?
SPSC is well covered by analysts, with 23 analysts providing price targets and ratings. Of these, 2 have Strong Buy ratings, 8 have Buy ratings, 13 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the SPSC stock forecast?
The 12-month SPSC stock forecast based on 23 Wall Street analysts shows a consensus price target of $68.71, with estimates ranging from $60 (bear case) to $86 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $81, with bear/bull scenarios of $51/$106.
What is SPSC's fair value based on fundamentals?
Our quantitative valuation model calculates SPSC's fair value at $81 (base case), with a bear case of $51 and bull case of $106. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 59/100.
What is SPSC's forward P/E ratio?
SPSC trades at a forward P/E ratio of 11.2x based on next-twelve-months earnings estimates compared to a trailing P/E of 21.6x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy SPSC stock?
Wall Street analysts are very optimistic on SPSC, with a "Hold" consensus rating and $68.71 price target (29.3% upside). 10 of 23 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do SPSC price targets vary so much?
SPSC analyst price targets range from $60 to $86, a 38% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $68.71 consensus represents the middle ground. Our model's $51-$106 range provides an independent fundamental perspective.
Consensus-Based Analysis Tools
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