William Blair analyst Jake Roberge has reiterated their bullish stance on VERX stock, giving a Buy rating yesterday.
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Jake Roberge has given his Buy rating due to a combination of factors that suggest Vertex’s potential for long-term growth despite recent setbacks. Although the company reported mixed third-quarter results and reduced its 2025 guidance due to customer bankruptcies and faster cloud migrations, Roberge remains optimistic about Vertex’s future. He believes that the company’s growth drivers, such as SAP migrations and e-invoicing, will enable Vertex to reaccelerate growth and expand margins significantly over the next 12 to 18 months.
Additionally, Roberge highlights positive developments from Vertex’s earnings release, including increased pipeline activity from SAP ecosystem migrations and the successful adoption of its e-invoicing solution. With over 100 customers adopting this solution and expectations for accelerating demand, Vertex is positioned to benefit from these trends. Furthermore, the announcement of a $150 million share-repurchase program underscores the board’s confidence in the company’s long-term prospects, reinforcing Roberge’s Buy rating.
Roberge covers the Technology sector, focusing on stocks such as Jamf Holding, Dayforce Inc, and Vertex. According to TipRanks, Roberge has an average return of -3.5% and a 39.20% success rate on recommended stocks.
In another report released yesterday, Jefferies also maintained a Buy rating on the stock with a $28.00 price target.