SPS Commerce reported second quarter 2026 results with higher sales but lower net income, alongside fresh guidance for the upcoming quarter and full year. The update triggered a sharp share price rebound, with a one-day return of 11.48% and a seven-day return of 20.00%, though the stock remains down 16.52% year to date and 29.35% over the past year. Analysts have a consensus fair value estimate of $68.09, which sits 7.8% below the last close of $73.39, indicating the stock is overvalued. The most bullish analyst target is $103.00 and the most bearish is $55.00. SPS Commerce trades on a price-to-earnings ratio of 34.5 times, below a peer average of 40.4 times but above a fair ratio of 29.3 times that the market could move toward.
SPS Commerce IncEarnings beat and guidance triggered rebound, but analyst fair value below current price suggests overvaluation.