Tax software stock Vertex is sitting on "underappreciated growth," and now is a good time to buy this under-the-radar name, Morgan Stanley says.
The firm resumed coverage of the tax software stock at an overweight rating and a $25 per share price target.
Vertex stock has added about 46% in 2023.
VERX YTD mountain Vertex stock has added 46% from the start of the year.
The analyst added that Vertex can now meaningfully focus on expanding margins, given the fresh maneuverability post-investment cycle.
Persons:
Morgan Stanley, Morgan Stanley's, Chris Quintero, YoY, Quintero, — CNBC's Michael Bloom
Locations:
2Q23