SPSC
SPS CommerceBNasdaq / Software & Services
Last Price
At close
2026-07-18
Current thesis
Primary sources support a stable, cash-generative model: Q1 revenue grew 6%, recurring revenue grew 7%, adjusted EBITDA grew 7%, recurring revenue remained 96% of total, and FY26 guidance still implies 6%-7% growth with 14%-16% adjusted EBITDA growth [#PR-2026-04-30][#10-Q-2026-04-30].
Posture
Constructive
Lead driver
Value
What changed
Next scheduled catalyst: earnings 2026-07-23.
What can break
Analyst revision breadth is not available in the packet, lowering confidence in how much of the post-earnings view has been externally validated.
Momentum
65
Value
63
Sentiment
47
Setup hits (3d)
— · Net —
AI TargetsBase $68.00 · Bull $80.00 · Bear $48.00
Earnings
2026-07-23
Data freshness
Prices
As of 2026-07-18
Fundamentals
As of 2026-07-17 • Vendor: Data Vendor v1
Scores
As of 2026-07-18 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-06 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-07-18
Investment thesis
As of 2026-07-18
Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net —
Target $68.09
Why
Momentum65 · Δ7d +1.4
Value63 · Δ7d -1.1
Sentiment47 · Δ7d -11.6
So what
Strength-led posture. Favor watchlist adds and disciplined entries.
Lead driver: Value · See fundamentals
Momentum
65
26% active weight
Current posture
7d trendSoftening
Δ7d
+1.4
Δ21d
+28.7
Value
63
39% active weight
Current posture
7d trendSoftening
Δ7d
-1.1
Δ21d
-0.9
Sentiment
47
34% active weight
Current posture
7d trendSoftening
Δ7d
-11.6
Δ21d
-13.2
Why this grade
Composite grade B. Momentum 64.6 / Value 62.7 / Sentiment 46.6
Fundamentals (TTM)As of 2026-07-17
Fundamentals (TTM)
As of 2026-07-17
Market Cap
$2.41B
Beta
0.56
Shares Out
36.71M
P/E (TTM)
40.5
P/S (TTM)
4.67
P/FCF (TTM)
22.98
Rev YoY
+5.8%
EPS YoY
-9.4%
Gross Margin
+64.3%
Op Margin
+14.8%
Net Debt
-$144.16M
Current Ratio
1.70
As of 2026-07-18 • Updated nightlySource: Internal modelMethodology