VERX - Vertex Risk/Reward Path In Focus: 'Magnitude Of Stock Move Was Greater Than Expected' | Benzinga
BMO Capital Markets analyst Daniel Jester reiterated the Market Perform rating on Vertex, Inc. (NASDAQ: VERX), raising the price target to $28 from $24.
Investors rewarded the consistent execution Vertex exhibited in a beat and raise third quarter (Q3), although the magnitude of the stock move yesterday was greater than expected, according to the analyst.
In the recently reported Q3, the company's total revenues of $145 million were up 14.9% year-over-year.
Deployment flexibility and medium-term tailwinds from ERP platform evolution are supportive trends as companies ...