Added to YB: 2026-08-21
Pitch date: 2026-06-08
SPSC [bullish]
SPS Commerce, Inc.
+45.66%
current return
Author Info
No bio for this author
Company Info
SPS Commerce, Inc. provides cloud-based supply chain management solutions in the United States. It offers solutions through SPS Commerce, a cloud-based platform that connects retailers, brands, distributors, manufacturers, and logistics providers, handling the complexity of modern commerce operations.
Market Cap
$2.9B
Pitch Price
$54.53
Price Target
112.00 (+39%)
Dividend
N/A
EV/EBITDA
14.48
P/E
38.69
EV/Sales
3.55
Sector
Software
Category
value
SPS Commerce, Inc. - $SPSC
SPSC: Network EDI software linking retailers/suppliers via managed onboarding & community enablement flywheel; AI-resistant. Broken growth narrative post-Carbon6 miss & guidance resets creates entry. Trades at discount to peers/precedents. Activist Anson pushing strategic review; PE take-out optionality at 9-10x EBITDA. Base case ~$112 PT by FY27 at 12.5x EBITDA ($250M FY27 EBITDA), 7% FY26 growth accelerating to HSD.
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