UPDATE: Morgan Stanley Downgrades Vertex Inc. (VERX) to Underweight

April 7, 2021 4:35 AM EDT
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Price: $13.32 +4.80%

Rating Summary:
    4 Buy, 3 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 15 | Down: 21 | New: 16
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(Updated - April 7, 2021 4:51 AM EDT)

Morgan Stanley analyst Stan Zlotsky downgraded Vertex Inc. (NASDAQ: VERX) from Equalweight to Underweight with a price target of $18.00 (from $22.00).

The analyst comments "Our latest industry work suggests Vertex remains wellpositioned with largest enterprises, but move downmarket may be challenged by strong Cloud-native competitors. With a revised market opportunity to reflect a more limited runway, we downgrade VERX to Underweight with $18PT."

For an analyst ratings summary and ratings history on Vertex Inc. click here. For more ratings news on Vertex Inc. click here.

Shares of Vertex Inc. closed at $22.66 yesterday.

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