**SPS Commerce Sees 4% Stock Increase Following Analyst Upgrade**
SPS Commerce’s stock (NASDAQ: SPSC) surged over 4% on Wednesday after Needham analyst Scott Berg raised the company’s price target by more than 33%, increasing it from $75 to $100 per share. This upgrade comes after recent investor meetings with SPS CEO Chad Collins and CFO Joe Del Preto, where Berg noted the company’s divestment of Carbon6 is expected to lead to more predictable growth.
Berg highlighted various opportunities for SPS, particularly mentioning the potential of the monetization of its artificial intelligence platform, Max. The forecast suggests that these factors could contribute to double-digit growth moving forward.
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