Stephens initiated coverage of Vertex (VERX) with an Overweight rating and $30 price target The firm sees “many levers” for a return to high-teens growth and views the company as having a competitive moat and strong market position, the analyst tells investors. The firm, which views Vertex as “one of few enterprise indirect tax market leaders,” thinks growth and margin headwinds are temporary, the analyst added.
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Read More on VERX:
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