Baird initiated coverage of Vertex with an Outperform rating and $43 price target. Vertex is a leader in enterprise software for managing indirect taxes, the analyst tells investors in a research note. The firm sees a multi-year growth story driven by financial suite modernization. Despite recent stock run, Vertex’s medium- and long-term risk/reward is favorable due to competitive position, sticky customer base, improving financials, growing awareness, says Baird.
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Read More on VERX:
- Citi names new top picks in application software
- Vertex to Announce Second Quarter 2024 Financial Results on Wednesday, August 7, 2024
- Vertex price target raised to $36 from $32 at Citi
- Jefferies software analyst holds analyst/industry conference call
- Vertex Acquires Artificial Intelligence Tax Capabilities from Ryan, LLC
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