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Citi cuts SPS Commerce's price target but keeps "Buy" rating, citing short-term challenges despite long-term confidence.
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.
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.
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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Citi recorta el precio objetivo de SPS Commerce, pero mantiene la calificación de "Comprar", citando desafíos a corto plazo a pesar de la confianza a largo plazo.