TD Cowen Rates Vertex (VERX) A Buy; Sees Sentiment Improving On Execution

With strong upside potential, Vertex, Inc. (NASDAQ:VERX) ranks among the overlooked tech stocks to invest in now. A bullish new analyst call follows a first quarter that beat guidance and a strategic acquisition aimed at expanding the company’s global reach.

On June 29, 2026, TD Cowen initiated coverage of Vertex, Inc. (NASDAQ:VERX) with a “Buy” rating and a $14 price target. The firm called Vertex a leading global indirect tax and e-invoicing software vendor, pointing to reasonable consensus expectations and a depressed valuation following the stock’s recent underperformance as reasons sentiment could improve alongside execution. TD Cowen said it expects Vertex to sustain double-digit revenue growth through at least fiscal 2028. The stock is down over 35% year-to-date.

That initiation followed first-quarter 2026 results Vertex, Inc. (NASDAQ:VERX) reported in May, with total revenue of $196.6 million, up 11.1% year-over-year, and adjusted EBITDA of $44.1 million, above the high end of guidance. CEO Chris Young said the quarter showed stability across customer demand and retention despite a mixed macro environment.

During the quarter, Vertex, Inc. (NASDAQ:VERX) acquired Brinta, an AI-first e-invoicing startup in Latin America, which Young said will speed up country coverage in the region with AI-native compliance architecture. Young also pointed to the company’s April Value Creation Plan, designed to boost profitability and free cash flow.

Looking ahead, Vertex, Inc. (NASDAQ:VERX) guided for full-year 2026 revenue of $823.5 million to $831.5 million and cloud revenue growth of 25%. CFO John Schwab said cost actions from the Value Creation Plan are expected to save $60 million to $70 million annually beginning in 2027.

Vertex, Inc. (NASDAQ:VERX), a leading provider of indirect tax and e-invoicing solutions, uses AI-powered offerings to accelerate enterprise revenue growth, profitability, and operational efficiency in global markets.

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