Wall Street Has a Mixed Opinion on Vertex, Inc (VERX) Ahead of Q3 Earnings

Vertex, Inc. (NASDAQ:VERX) is one of the Best Beaten Down Growth Stocks to Buy According to Analysts. Wall Street has a mixed opinion on Vertex, Inc. (NASDAQ:VERX) as the company approaches its fiscal third-quarter results, scheduled to be announced on November 3. Management expects the quarterly revenue to be in the range of $190 million to $193 million. While the adjusted EBITDA is anticipated to reach $39% million at the mid-point.

On October 28, Steve Enders from Citi maintained a Hold rating on Vertex, Inc. (NASDAQ:VERX) and lowered the price target from $31 to $29.

However, earlier on October 21, Joshua Reilly from Needham reiterated a Buy rating on the stock with a price target of $40. The analyst sees the appointment of Mr Young as the CEO of the company to be a positive step. He noted that Young’s experience in top technology companies is anticipated to bring operational efficiency to Vertex, Inc. (NASDAQ:VERX). Reilly also highlighted the company’s pre-release of fiscal third-quarter earnings, which showed a significant EBITDA beat and a modest revenue beat.

Vertex, Inc. (NASDAQ:VERX) provides global software solutions for indirect tax calculation, compliance, and analytics through licenses and cloud subscriptions.

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Disclosure: None. This article is originally published at Insider Monkey.