BofA analyst Brad Sills lowered the firm’s price target on Vertex (VERX) to $42 from $45 and keeps a Neutral rating on the shares following what the firm calls “somewhat mixed” and “uninspiring” Q1 results. Net retention held flat from Q4 at 109%, which affirms the belief that reacceleration may take some time, the analyst tells investors.
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Read More on VERX:
- Vertex’s Mixed Q1 Performance and Strategic Focus on AI Lead to Hold Rating
- Vertex, Inc. Reports Strong Q1 2025 Results
- Vertex’s Strong Growth Potential and Strategic Positioning Justify Buy Rating
- Vertex’s Strong Q1 Performance and Promising Growth Prospects Justify Buy Rating
- Vertex reports Q1 non-GAAP EPS 15c, consensus 13c
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