11 Tech Stocks with Highest Upside Potential

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7. Vertex, Inc. (NASDAQ:VERX)

Number of Hedge Fund Holders: 25

Analyst Upside Potential: 43.30%

Vertex, Inc. (NASDAQ:VERX) is one of the Tech Stocks to Buy with the Highest Upside Potential. Wall Street has a mixed opinion about Vertex, Inc. (NASDAQ:VERX) after the company released results for the fiscal second quarter of 2025 on August 6. The company delivered quarterly revenue of $184.56 million, up 14.56% year-over-year but missing the consensus by $38,230. Moreover, the EPS of $0.15 slightly topped the consensus by $0.01.

On August 8, Bradley Sills from Bank of America Securities reduced the firm’s price target on Vertex, Inc. (NASDAQ:VERX) from $42 to $34, while reiterating a Hold rating. Similarly, on August 12, Gil Luria from D.A. Davidson also reiterated a Hold rating with an associated price target of $29.

Bradley Sills of BoFA noted that he lowered the price target due to a weaker economic outlook and specific issues in the sales tax segment. He highlighted that Vertex, Inc. (NASDAQ:VERX) remains strong in the enterprise market and benefits from the shift to cloud services and growing e-invoicing adoption. However, the net retention rates fell a bit in the recent quarter as contract growth with large clients slowed down.

Management has reduced the full-year revenue outlook from a range of $760 million to $768 million to $750.0 million to $754.0 million.

Despite this, on August 15, the Citizens JMP analyst Patrick Walravens reiterated a Buy rating on Vertex, Inc. (NASDAQ:VERX) with a price target of $50.

Vertex, Inc. (NASDAQ:VERX) provides software solutions for indirect tax calculation, compliance, and analytics. Their products help businesses automate tax determination and reporting through licenses and cloud subscriptions.

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