Analyst Mark Palmer of Benchmark Co. maintained a Buy rating on I3 Verticals, with a price target of $39.00.
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Mark Palmer has given his Buy rating due to a combination of factors that highlight i3 Verticals’ strong financial performance and potential for future growth. Despite the company’s FY26 guidance being below consensus estimates, the 4Q25 results exceeded expectations in key areas such as revenue, adjusted EBITDA, and adjusted EPS. This indicates a robust operational capability that could drive future performance.
Moreover, the company’s annualized recurring revenue showed a healthy year-over-year increase, suggesting a stable and growing customer base. Although the FY26 guidance was conservative, the company’s ability to surpass recent estimates provides confidence in its management and strategic direction. Palmer’s rating reflects a belief in i3 Verticals’ potential to capitalize on its current momentum and deliver shareholder value.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IIIV in relation to earlier this year.