SPS Commerce, Inc. (SPSC) Stock Analysis
Recovery setup
Technology · Software - Application
Sell if holding. At $55.30, A.R:R 0.7:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 7.3%; Sector modifier (Technology): -0.8.
SPS Commerce operates a cloud-based supply chain network connecting retailers, suppliers, and logistics providers globally, enabling trading partner compliance and order automation. It generated $751.5M in revenue in 2025 (96% recurring), with no single customer exceeding 1% of... Read more
Sell if holding. At $55.30, A.R:R 0.7:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 7.3%; Sector modifier (Technology): -0.8. Chart setup: Death cross but MACD improving, RSI 57. Score 6.1/10, moderate confidence.
Passes 6/10 gates (positive momentum, clean insider activity, news events none recent, earnings proximity 58d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and death cross (50MA < 200MA). Suitability: aggressive.
Recent developments
updated 2026-06-09Recent Developments — SPS Commerce, Inc.
Latest news
- NEWS How Conestoga’s SPSC Stake Cut and Softer 2026 Outlook Will Impact SPS Commerce (SPSC) Investors - Yahoo Finance — Yahoo Finance negative
- NEWS Conestoga Capital Advisors Sells $45 Million Stake in SPS Commerce - HarianBasis.co — HarianBasis.co negative
- NEWS Should You Consider Selling Your Position in SPS Commerce (SPSC)? - Yahoo Finance — Yahoo Finance negative
- NEWS SPS Commerce (SPSC) Tops Q1 Earnings Estimates - Yahoo Finance — Yahoo Finance positive
- NEWS SPS Commerce SPSC Q1 2026 Earnings Transcript - The Globe and Mail — The Globe and Mail neutral
Generated 2026-06-15T18:11:47Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Material Events(8-K, last 90d)
- 2026-04-14Item 5.02LOWAll outstanding PSU awards amended to standardize double-trigger vesting across 2024, 2025, and 2026 grants, effective April 10, 2026. Compensatory arrangement change; no officer departure.SEC filing →
- 2026-02-12Item 1.01MEDIUMCooperation Agreement with activist investor Anson Funds: board expanded to 10, Michael J. McConnell and Fumbi Chima appointed as directors. Anson agreed to standstill and vote with board through 2027 nomination deadline.SEC filing →
- 2026-02-12Item 5.02MEDIUMJoseph Del Preto appointed EVP & CFO effective March 16, 2026, succeeding Kimberly Nelson who announced retirement. Del Preto previously CFO of Sprout Social since July 2017. Clean handoff.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. At $55.30, A.R:R 0.7:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 7.3%; Sector modifier (Technology): -0.8. Chart setup: Death cross but MACD improving, RSI 57. Prior stop was $51.35. Score 6.1/10, moderate confidence.
Take-profit target: $59.24 (+7.3% upside). Prior stop was $51.35. Stop-loss: $51.35.
Thin upside margin: 7.3%; Sector modifier (Technology): -0.8; Below 200-MA, MA slope -11.5%/30d (confirmed downtrend).
SPS Commerce, Inc. trades at a P/E of 22.9 (forward 10.6). TrendMatrix value score: 7.7/10. Verdict: Sell.
18 analysts cover SPSC with a consensus score of 3.6/5. Average price target: $68.
What does SPS Commerce, Inc. do?SPS Commerce operates a cloud-based supply chain network connecting retailers, suppliers, and logistics providers...
SPS Commerce operates a cloud-based supply chain network connecting retailers, suppliers, and logistics providers globally, enabling trading partner compliance and order automation. It generated $751.5M in revenue in 2025 (96% recurring), with no single customer exceeding 1% of total revenues.