pcess609
- Vertex stock is recommended as a buy due to its solid execution, visible growth catalyst, and potential opportunities from organizations migrating to S/4HANA.
- The company provides tax compliance solutions and has a strong competitive position in the enterprise tax automation industry.
- The growth outlook for Vertex remains strong, supported by its strong execution, SAP ECC tailwind, expanded partnerships, and pricing power.
Investment summary
My recommendation for Vertex (NASDAQ:VERX) is a buy rating. The solid execution shown so far, coupled with the visible growth catalyst, makes VERX an attractive long, in my opinion. In particular, the potential opportunities from organizations migrating from ECC to S/4HANA could drive strong acceleration in VERX growth over the next few quarters. Even if I just assumed mid-teen growth ahead, at the current multiple, I see an upside of 13% at the minimum.
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