DA Davidson raised the firm’s price target on i3 Verticals (IIIV) to $39 from $34 and keeps a Buy rating on the shares. The company’s Q3 total revenue and adjusted EBITDA came in “nicely” above the firm’s forecasts, while the management also affirmed their guidance for the RemainCo for FY25, the analyst tells investors in a research note. The firm is also raising its FY25 revenue view to $213M from $211M.
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