BofA lowered the firm’s price target on Vertex (VERX) to $24 from $34 and keeps a Neutral rating on the shares following a “disappointing” Q4 outlook. With the implied growth rate in Q4 of 9% toward the low end of industry growth of 8% to 12%, the firm argues that the key to acceleration hinges on traction cross selling the e-invoicing offering.
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 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
- Vertex’s Long-Term Growth Potential: Buy Rating Affirmed Despite Short-Term Challenges
- Vertex price target lowered to $28 from $35 at Jefferies