Goldman Sachs analyst Adam Hotchkiss expressed expectations on Vertex, Inc. (NASDAQ:VERX) ahead of its first Investor Day as a public company on March 19.
The analyst reiterated the Buy rating with a price forecast of $48.
Hotchkiss expects that management will highlight how the company is largely shielded from broader macroeconomic uncertainty due to the critical role of tax software in the current landscape.
The analyst also expects them to provide further insight into the sustainability of mid-teens or higher revenue growth in the medium term.
In particular, the analyst anticipates that management will focus on addressing several key points, including the sustainability of demand and market dynamics within the broader enterprise tax software market.
Also, Hotchkiss expects to learn about the importance of e-invoicing and international expansion in driving future revenue growth at the investor day.
Additionally, the analyst anticipates getting clarity on the future investment roadmap and the monetization of new product initiatives.
Finally, the analyst expects to know about the impact of these investments and scale-driven efficiencies on the company’s medium-term margins.
Price Action: VERX shares are up 1.95% at $34.25 at the last check Monday.
Read Next:
Photo by Ground Picture on Shutterstock.
Date | Firm | Action | From | To |
---|---|---|---|---|
Mar 2022 | JMP Securities | Maintains | Market Outperform | |
Mar 2022 | Needham | Maintains | Buy | |
Feb 2022 | BMO Capital | Initiates Coverage On | Market Perform |
View More Analyst Ratings for VERX
View the Latest Analyst Ratings
Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.
Get the latest stock analysis from Benzinga?
This article Goldman Sachs Analyst Anticipates Clarity On Vertex's Investment Roadmap And Product Monetization At Investor Day originally appeared on Benzinga.com
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。