Stock Track | SPS Commerce Plummets 5.63% on Tuesday as Analysts Cut Price Targets

Stock Track

02/11

SPS Commerce's stock plummeted 5.63% in Tuesday's intraday trading session, as multiple analysts lowered their price targets for the supply chain software company.

Northland Capital Markets cut its price target on SPS Commerce to $181 from $209, while Baird lowered its target to $175 from $188. The analysts maintained their ratings on the stock, with Needham keeping a "Buy" rating.

The downward revisions in price targets by analysts suggest concerns about SPS Commerce's growth prospects or valuations, leading to the significant decline in the company's share price during Tuesday's trading session.

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