Goldman Sachs Remains Bullish on Vertex (VERX) After Q3 2025 Results

Vertex, Inc. (NASDAQ:VERX) is included in our list of the overlooked tech stocks to invest in.

Vertex, Inc. (NASDAQ:VERX) experienced a price target cut on November 5, 2025, with Goldman Sachs lowering its target from $43 to $28, while reiterating a “Buy” rating. The price revision reflects short-term headwinds, such as customer bankruptcies and rapid cloud migrations.

However, Goldman Sachs’ price target cut came amid positive analyst sentiment on a broader level, as William Blair’s Jake Roberge reiterated his “Buy” rating on November 3. He cited heightened pipeline activity from SAP ecosystem migrations, alongside the successful adoption of its e-invoicing solution.

Meanwhile, Vertex, Inc. (NASDAQ:VERX) announced its Q3 results on November 3, recording $192.1 million in total revenue, up 12.7% YoY. The top-line growth was driven by a 29.6% surge in cloud revenue. The company delivered strong profitability in the quarter, with $0.17 non-GAAP EPS exceeding expectations and adjusted EBITDA reaching $43.5 million. The quarter also announced a $150 million stock repurchase program, its first ever.

Looking ahead, Vertex, Inc. (NASDAQ:VERX)’s management sees strong growth potential from SAP ecosystem migrations and the adoption of e-invoicing. Over 100 customers now leverage the solution.

Vertex, Inc. (NASDAQ:VERX) helps businesses comply with complex tax regimes through its global indirect tax solutions.

While we acknowledge the potential of VERX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 12 Deep Value Stocks to Invest In and 15 Stocks Set to Explode in 2026.

Disclosure: None.