i3 Verticals price target lowered to $30 from $35 at DA Davidson

DA Davidson lowered the firm’s price target on i3 Verticals (IIIV) to $30 from $35 and keeps a Buy rating on the shares. With its Q1 results, the management trimmed the midpoints of their FY26 total revenue and adjusted EBITDA guidance by 1%-2% each, relaying that they expect lower non-recurring professional services revenue in the near-term, the analyst tells investors in a research note.