BMO Capital analyst Daniel Jester lowered the firm’s price target on Vertex (VERX) to $24 from $30 and keeps a Market Perform rating on the shares. The company’s Q3 results showcased challenges on several points of the growth framework, which collectively are shaving a few points from ARR growth and making 2028 re-acceleration framework from March appear steeper, the analyst tells investors in a research note.
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