i3 Verticals price target raised to $39 from $33 at Benchmark

Benchmark analyst Mark Palmer raised the firm’s price target on i3 Verticals (IIIV) to $39 from $33 and keeps a Buy rating on the shares. i3 showed clean execution, sharpened focus, and “enough operating momentum to make a credible case for the next leg higher” beyond Friday’s post-earnings move, the analyst tells investors. The risk/reward has “become much more favorable,” adds the analyst following the company’s Q3 report, citing a “strong setup” heading into FY26 as well as what the firm sees as “rising takeout potential.”