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Goldman Sachs Analyst Anticipates Clarity On Vertex's Investment Roadmap And Product Monetization At Investor Day
Benzingaยท 2025-03-17 17:45
Core Viewpoint - Goldman Sachs analyst Adam Hotchkiss has a positive outlook on Vertex, Inc. (VERX) ahead of its first Investor Day, maintaining a Buy rating with a price target of $48, citing the company's resilience against macroeconomic uncertainties due to the essential nature of tax software [1] Group 1: Revenue Growth and Market Dynamics - The analyst expects management to discuss the sustainability of mid-teens or higher revenue growth in the medium term [2] - Key points anticipated include the sustainability of demand and market dynamics within the enterprise tax software market [2] - The importance of e-invoicing and international expansion in driving future revenue growth is also expected to be highlighted [2] Group 2: Investment Roadmap and Margins - Clarity on the future investment roadmap and monetization of new product initiatives is anticipated [3] - The impact of these investments and scale-driven efficiencies on the company's medium-term margins is expected to be addressed [3] Group 3: Stock Performance - As of the last check, VERX shares have increased by 1.95%, reaching $34.25 [3]