10 Best Logistics-Tech Stocks to Buy Now

4. SPS Commerce, Inc. (NASDAQ:SPSC)

Number of Hedge Fund Holders: 33

SPS Commerce, Inc. (NASDAQ:SPSC) is one of the best logistics-tech stocks to buy now.

As of December 5, analyst views for SPS Commerce, Inc. (NASDAQ:SPSC) are balanced with an equal number of Buys and Hold ratings. While the stock has underperformed the broader market substantially year to date, the consensus 1-year median price target of $100 implies nearly 20% upside.

On November 11, Morgan Stanley downgraded SPS Commerce from Overweight to Equal-Weight and cut its price target from $140 to $100. The firm’s analyst cited deteriorating macroeconomic conditions as the primary concern. According to Morgan Stanley, rising tariffs and a slowdown in retail end markets have led to reduced supplier spending and a lower volume of trading-partner connections. Additionally, the firm noted that retailers are delaying new enablements, which could further constrain SPS Commerce’s near-term growth.

While the company recently reported strong customer additions, Morgan Stanley expressed caution that these gains may not immediately translate into higher transaction volumes or revenue. The firm emphasized that although SPS Commerce continues to execute well, the current economic environment is limiting upside potential.

The downgrade came shortly after SPS Commerce reported its third-quarter fiscal 2025 earnings on October 24. The company posted revenue of $139.5 million, up 19% year-over-year, and adjusted EPS of $0.67, exceeding analyst expectations. However, management acknowledged in its earnings call that some headwinds were emerging in supplier onboarding due to external factors, aligning with Morgan Stanley’s concerns.

SPS Commerce, Inc. (NASDAQ:SPSC) provides cloud-based supply chain management solutions that enable retailers, suppliers, and logistics firms to automate and optimize trading relationships.