该机构还调降了Amplitude(AMPL.US)、Asana(ASAN.US)、BlackLine(BL.US)、Braze(BRZE.US)、 Figma(FIG.US)、HubSpot(HUBS.US)、赛富时(CRM.US)、Oracle(ORCL.US)、Klaviyo(KVYO.US)、 monday.com(MNDY.US)、ServiceTitan(TTAN.US)和ZoomInfo(GTM.US)的目标价。 尽管市场对软件板块持续悲观，但分析师补充称，他们仍看好微软和ServiceTitan，并将其列为2026年 的两大首选股，尽管科技行业仍处于"AI产品爬升的早期阶段"。 "我们认为微软或许是当前AI应用领域的最佳纯粹标的，"分析师写道。"我们对2025年下半年CIO的调 查显示，受访者对Azure和Copilot活动的看法正变得更为积极。我们建议在微软2026财年第二季度业绩 公布后的回调中买入。" 分析师补充道："对ServiceTitan而言，众多的增长驱动力(如Max/Pro产品、商业业务、屋面工程、新行 业拓展)让我们有信心认为，其2027财年营收存在超预期可能。" 智通财经AP ...

2025 data reveals a 10-year high in new taxes enacted, and the first increase in average state sales tax rates in three years, as jurisdictions pivot to address budget shortfallsKING OF PRUSSIA, Pa., Feb. 03, 2026 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a leading global provider of indirect tax solutions, today released its 2025 End‑of‑Year U.S. Sales Tax Rates and Rules Report. Tracking 12,414 U.S. tax jurisdictions in 2025 where sales and use tax rate and rule changes o ...

Core Viewpoint - WuXi Biologics has entered into a license and research service agreement with Vertex Pharmaceuticals for the development of a trispecific T-cell Engager aimed at treating B-cell mediated autoimmune diseases [1][2]. Group 1: Agreement Details - Vertex Pharmaceuticals will have exclusive global rights to develop and commercialize the trispecific T-cell Engager at the preclinical stage [2]. - WuXi Biologics will receive an upfront payment and is eligible for additional milestone payments related to development, regulatory approvals, and sales, along with royalty payments [2]. Group 2: Company Overview - WuXi Biologics is a leading global Contract Research, Development, and Manufacturing Organization (CRDMO) that provides end-to-end solutions for biologics from concept to commercialization [4]. - The company employs over 12,000 skilled professionals across multiple countries, including China, the United States, Ireland, Germany, and Singapore, and is currently supporting 945 integrated client projects, with 74 in Phase III and 25 in commercial manufacturing as of December 31, 2025 [5]. Group 3: Commitment to Sustainability - WuXi Biologics emphasizes sustainability as a key component of long-term business growth, focusing on green technology innovations to provide advanced Green CRDMO solutions [6]. - The company is dedicated to achieving excellence in Environment, Social, and Governance (ESG) practices and collaborates with stakeholders to promote positive social and environmental impacts [6].

Summary of Conference Call Notes Industry Overview - **Industry**: Application Software, specifically focusing on Software as a Service (SaaS) in North America - **2025 Performance**: Application SaaS underperformed due to muted revenue growth, limited upward estimate revisions, and multiple compression driven by AI-related concerns. The valuation discount on application SaaS relative to broader software increased to approximately 37% from 20% a year ago [3][7][21]. Key Insights - **AI Concerns**: Peak AI fears were noted in 2025, leading to a shift in investor sentiment. Companies emphasized competitive advantages such as proprietary data and large installed bases but struggled to improve investor confidence [3][23]. - **Bull Case for 2026**: The bull case hinges on application software becoming the primary delivery mechanism for AI capabilities, potentially expanding the total addressable market and improving growth trajectories. However, the lack of clear growth inflection in 2025 left many vendors perceived as disrupted by AI [3][23][35]. - **CIO Survey Insights**: A survey indicated that 19% of CIOs operationalizing AI/ML technologies view application vendors as primary partners, an increase from 13% in the previous quarter. This suggests a shift in perception towards application software as a vehicle for AI functionalities [26][29]. Investment Recommendations - **Selective Approach**: A selective investment strategy is recommended, favoring companies with strong positioning in the "AI Success Framework" and idiosyncratic growth stories. Preferred companies include HUBS, KVYO, WIX, AMPL, BL, DSGX, and NAVN [2][7][52]. - **Price Target Adjustments**: Price targets for several companies were updated, reflecting changes in growth outlooks and market conditions. For example, HUBS was adjusted to $577, while KVYO was set at $42 [5][54]. Risks and Considerations - **AI Risks**: The report outlines three core areas of AI-related risks: DIY risk, start-up risk, and seat-based model risk. Evidence suggests that fears regarding these risks may be overstated, but ongoing monitoring is necessary [24][26][27]. - **Cyclical Headwinds**: The optimization cycle that began in 2022 is largely digested, with stabilization in key performance indicators like ARR and billings growth. However, broad-based positive spending revisions remain absent, necessitating a cautious approach [35][36]. - **2026 Spending Growth**: Software is expected to see modest growth in spending, projected at 3.8%, compared to declines in hardware and communications sectors. This indicates a relatively healthier positioning for software in IT spending plans [43][44]. Conclusion - **Outlook for 2026**: The outlook for application SaaS in 2026 is cautiously optimistic, with potential for improved sentiment as AI risks are reassessed and growth trajectories begin to stabilize. However, the absence of broad-based positive revisions in spending necessitates a selective investment approach [2][35][52].

Core Viewpoint - Vertex, Inc. is set to release its fourth quarter 2025 financial results on February 11, 2026, before market opening, followed by a conference call at 8:30 a.m. Eastern Time to discuss the results [1]. Company Overview - Vertex, Inc. is a leading global provider of indirect tax solutions, focusing on delivering trusted tax technology that enables global businesses to transact, comply, and grow confidently [3]. - The company offers tailored solutions for various industries covering major lines of indirect tax, including sales and consumer use, value-added tax, and payroll [3]. - Vertex is headquartered in North America and has offices in South America and Europe, aiming to simplify the complexity of continuous compliance for leading global brands [3].

Vertex Earns Two Placements on Built In’s Best Places to Work List, Highlighting Three Consecutive Years of RecognitionKING OF PRUSSIA, Pa., Jan. 06, 2026 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a leading global provider of indirect tax solutions, today announced it has been recognized by Built In as one of the Best Places to Work in 2026. The annual awards honor employers across the U.S. whose benefits and compensation set the standard for today’s workforce. Vertex was h ...

TimesSquare Capital Management, an equity investment management company, released its “U.S. Small Cap Growth Strategy” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. During the quarter, the fund returned 2.26% (gross) and 2.01% (net), compared to the Russell 2000 Growth Index’s 12.19% return. During the quarter, all asset classes except fixed income outside the U.S. posted positive returns. In addition, please check the fund’s top five holdings to know its best picks in 202 ...

Core Insights - Vertex Inc. is recognized as a promising investment opportunity, particularly following the expansion of its partnership with CPA.com to include an AI-driven sales tax compliance solution [1][2] Group 1: Product Development - The newly launched AI-powered sales tax compliance solution aims to assist accounting firms in providing automated sales and tax compliance services to their clients [2] - This solution allows Client Advisory Services and State and Local Tax teams to evaluate exposure, enabling firms to manage compliance through a white-labeled platform or by referring clients to automated services [2] Group 2: Market Position and Future Outlook - The launch of the automated tax compliance services is seen as a significant advancement in Vertex's efforts to support the accounting community, with expectations of unlocking new revenue streams for CPA firms [3] - BMO Capital Markets forecasts that 2026 will be a recovery year for application and vertical software stocks, predicting Vertex will benefit from a strong tax season for the second consecutive year [3][4] Group 3: Company Overview - Vertex Inc. is a leading global provider of indirect tax software and solutions, focusing on automating, managing, and ensuring compliance with complex tax regulations worldwide [4]

Key Points New York City-based Hyperion Capital Advisors initiated a stake in Vertex during the third quarter, buying up 540,000 shares. The shares were worth about $13.39 million at quarter-end. Vertex is now the fund’s third-largest holding, accounting for 7.16% of total AUM. These 10 stocks could mint the next wave of millionaires › On November 13, New York City-based Hyperion Capital Advisors disclosed a new position in Vertex (NASDAQ:VERX), acquiring 540,000 shares valued at approximately $ ...

Artificial intelligence was certainly top of mind for chief financial officers this year. AI-enabled transformation and ROI are key topics of discussion between CFOs, their boards, the broader C-suite, and other stakeholders.As 2025 draws to a close, it’s time for predictions about what’s to come in the new year. Fortune asked more than a dozen CFOs of prominent companies: How do you think AI will continue to shape finance in 2026?The finance chiefs broadly expect AI, including agentic AI, to shift from exp ...