Vertex, Inc.: Growth Momentum Continues With FCF Conversion Rates Inflecting Upwards

Aug. 21, 2024 8:54 AM ETVertex, Inc. (VERX) Stock2 Comments
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Redfox Capital Ideas
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(10min)

Summary

  • Bullish on Vertex, Inc. due to strong growth outlook.
  • 2Q24 results show solid growth across the board, with a strong FCF conversion rate.
  • Ecosio acquisition is accretive, improving product offering, and expected to drive growth in the future.

Images By Tang Ming Tung

Investment summary

My previous investment thought for Vertex, Inc. (NASDAQ:VERX) (published in June) was a buy rating because of the attractive growth outlook, supported by strong secular tailwinds and growth catalysts. I remain bullish about

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About VERX Stock

SymbolLast Price% Chg
VERX
35.611.02%
Post34.90-1.99%
Created with Highcharts 11.2.0Aug 14Aug 22Aug 30Sep 1034363840
Market Cap
$5.48B
PE (FWD)
60.66
Yield
-
Rev Growth (YoY)
16.61%
Short Interest
8.91%
Prev. Close
$35.25
Compare to Peers

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