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.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VERX:
- Vertex price target lowered to $23 from $28 at Stifel
- Vertex price target lowered to $24 from $34 at BofA
- Vertex Hold Rating: Temporary Setbacks and Strategic Opportunities Amid Financial Challenges
- Vertex price target lowered to $37 from $50 at Citizens JMP
- Vertex Reports Strong Q3 2025 Results and Stock Buyback