Stephens & Co. Maintains Overweight Rating for i3 Verticals: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Stephens & Co. has maintained its Overweight rating on i3 Verticals (NASDAQ:IIIV) but reduced its price target from $32.00 to $28.00. Despite the reduction, the new target suggests a significant 41.13% upside from the current price of $19.84. i3 Verticals provides integrated payment and software solutions, primarily generating revenue from its Proprietary Software and Payments segment.
November 20, 2023 | 5:00 pm
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Stephens & Co. reaffirmed its Overweight rating on i3 Verticals but lowered the price target from $32 to $28, which still indicates a potential 41.13% increase from the current price.
The maintenance of an Overweight rating combined with a price target that is substantially higher than the current trading price is generally positive for the stock. However, the reduction in the price target may slightly temper investor enthusiasm, indicating that while the outlook remains positive, it may not be as robust as previously thought.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100