Vertex price target raised to $54 from $46 at Citi

Citi raised the firm’s price target on Vertex (VERX) to $54 from $46 and keeps a Neutral rating on the shares. The firm updated application software estimates post the Q3 reports. Forward looking metrics are largely trending positive for the group with 2025 consensus estimates “appearing achievable,” the analyst tells investors in a research note. Citi is “warming to the group” on potential 2025 tailwinds.