William Blair analyst Jake Roberge has maintained their bullish stance on VERX stock, giving a Buy rating on February 18.
Jake Roberge has given his Buy rating due to a combination of factors that highlight Vertex’s potential for growth despite some recent challenges. The company reported mixed results for the fourth quarter, with smaller-than-usual beats on key metrics and an EBITDA guidance for 2025 that fell below expectations. However, these results are attributed to increased investments in e-invoicing and AI opportunities, which are expected to drive future expansion and new client acquisitions.
Roberge views Vertex as a high-quality asset with significant growth potential, particularly from SAP and Oracle ERP migrations and international e-invoicing mandates. The company’s strong history of leveraging investments for growth, along with a promising pipeline from SAP migrations and upsell activities, supports this positive outlook. Additionally, Vertex’s investor day is anticipated to boost investor sentiment, further reinforcing the Buy rating.
In another report released on February 18, D.A. Davidson also reiterated a Buy rating on the stock with a $62.00 price target.
Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VERX in relation to earlier this year.