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SPSC - SPS Commerce: Continuing Its Growth Trajectory
SPS Commerce Inc.
2024-05-13 16:00:00 ET
Summary
SPS Commerce continues to demonstrate solid organic growth and M&A efforts, but its high valuation makes it unappealing for now.
The company has ten-folded its sales over the past fifteen years, with EBITDA margins coming in strong.
SPS Commerce's stock has recovered to $192 per share, but its valuations are too rich at close to 100 times realistic earnings.
In October 2022, I believed that SPS Commerce ( SPSC ) was demonstrating on an impressive performance, as that statement applied to both the company and the stock....