Vertex price target lowered to $25 from $37 at Citizens

Citizens lowered the firm’s price target on Vertex (VERX) to $25 from $37 and keeps an Outperform rating on the shares. The company delivered mostly disappointing Q4 results, with slowing revenue, subscription growth, annual recurring revenue, and significantly weaker free cash flow, alongside mixed FY26 guidance that trailed consensus at the EBITDA level, the analyst tells investors in a research note. Shares have declined sharply, and management acknowledged the need to accelerate product innovation and integrate more AI capabilities as a key step toward recovery, the firm argues.