SPS(US:SPSC) Yahoo Finance·2025-12-09 10:01Core Viewpoint - SPS Commerce, Inc. (NASDAQ:SPSC) is considered one of the top logistics-tech stocks to buy currently, despite having underperformed the broader market year to date, with a consensus 1-year median price target of $100 indicating nearly 20% upside potential [1]. Group 1: Analyst Ratings and Market Sentiment - Analyst views for SPS Commerce are balanced, with an equal number of Buy and Hold ratings [1]. - Morgan Stanley downgraded SPS Commerce from Overweight to Equal-Weight, reducing its price target from $140 to $100, citing deteriorating macroeconomic conditions as a primary concern [2]. - The downgrade followed the company's strong customer additions, but Morgan Stanley expressed caution regarding the immediate translation of these gains into higher transaction volumes or revenue [3]. Group 2: Financial Performance - SPS Commerce reported third-quarter fiscal 2025 earnings on October 24, with revenue of $139.5 million, reflecting a 19% year-over-year increase, and adjusted EPS of $0.67, which exceeded analyst expectations [4]. - Management acknowledged emerging headwinds in supplier onboarding during the earnings call, aligning with concerns raised by Morgan Stanley [4]. Group 3: Company Overview - SPS Commerce provides cloud-based supply chain management solutions that enable retailers, suppliers, and logistics firms to automate and optimize trading relationships [5].