Veritex price target raised to $33 from $30 at DA Davidson

DA Davidson raised the firm’s price target on Veritex (VBTX) to $33 from $30 and keeps a Buy rating on the shares. The company’s Q3 result continues to illustrate strength in its core deposit franchise, positive capital accretion, and net interest margin stability, and while lower short-term rates likely reduce the margins from Q3 levels, Veritex management expressed confidence in holding it above 3.20% in 2025, supporting net interest income growth, the analyst tells investors in a research note.