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flag Citi cuts SPS Commerce's price target but keeps "Buy" rating, citing short-term challenges despite long-term confidence.

flag Citi has lowered its price target for SPS Commerce (SPSC) but kept its "Buy" rating, citing a more cautious near-term outlook due to market conditions, competition, and shifting spending patterns. flag Despite the reduction, the firm maintains confidence in the company’s long-term growth, driven by its cloud-based supply chain platform serving mid-market and small-to-mid-sized businesses. flag Citi expects continued revenue growth and profitability, urging investors to watch quarterly results, customer retention, and expansion into new sectors for signs of future performance.

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