Citi analyst Steven Enders lowered the firm’s price target on Vertex to $22 from $23 and keeps a Neutral rating on the shares. The analyst sees a “relatively strong” Q2 for application software names with most upside likely coming from Paycom Software (PAYC) and Monday.Com (MNDY). Channel checks noted some stabilization in the deal environment with mid-market relatively stronger than enterprise, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on VERX:
- Vertex Indirect Tax Determination Solution Now an SAP Endorsed App on SAP® Store
- Vertex to Announce Second Quarter 2023 Financial Results on Wednesday, August 9, 2023
- ‘Hunting for Growth’: Goldman Sachs Says These 2 Stocks Could Rally up to 85% From Current Levels — Here’s Why They Have Solid Upside
- Vertex announces certification for Vertex Indirect Tax Chain Flow Accelerator
- Vertex Indirect Tax Chain Flow Accelerator Achieves SAP® Certified Integration with RISE with SAP S/4HANA® Cloud