Vertex, Inc. (NASDAQ:VERX) is included in our list of the overlooked tech stocks to invest in.
Vertex, Inc. 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. 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.’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. helps businesses comply with complex tax regimes through its global indirect tax solutions.
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