JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
On Tuesday, DA Davidson analyst Peter Heckmann reiterated a Buy rating on i3 Verticals (NASDAQ:IIIV), maintaining a price target of $34.00. According to InvestingPro data, analysts’ targets range from $25.00 to $36.00, with the stock currently trading at $25.27. Ahead of the company’s scheduled earnings report for the fiscal second quarter ending in March, which is set to be released after market close on May 8, 2025, with a conference call to follow on May 9 at 8:30 am ET, Heckmann anticipates the company will meet or slightly surpass estimates.
Heckmann expects i3 Verticals to confirm their previous fiscal 2025 guidance ranges. For the fiscal second quarter, DA Davidson forecasts an 8%-9% year-over-year increase in total revenue to $63.0 million, slightly below the consensus estimate of $63.8 million. The growth is projected to be driven by the Subscription (SaaS), Transaction-based, and Professional Services segments. The company has demonstrated strong execution with impressive gross profit margins of 91.5% and revenue growth of 20.8% over the last twelve months.
The analyst also predicts that Non-GAAP EBITDA for the quarter will rise by 13% year-over-year to $17.2 million, which is marginally higher than the consensus of $17.0 million. This increase is expected to improve related margins by 110 basis points year-over-year to 27.3%.
i3 Verticals, a provider of integrated payment and software solutions, has been the subject of analyst attention as it prepares to share its latest financial results. InvestingPro analysis suggests the stock is currently undervalued, with a "GOOD" overall financial health score. The company’s performance in the upcoming earnings report will be closely watched, especially in the context of the forecasts provided by DA Davidson. For deeper insights into i3 Verticals’ valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, i3 Verticals has attracted attention from financial analysts following its first fiscal quarter of 2025 results, which exceeded expectations. BMO Capital Markets raised its stock price target from $22.00 to $26.00, maintaining a Market Perform rating, citing significant organic growth and a strong merger and acquisition strategy as key factors. The firm noted that i3 Verticals is on track to complete three to five acquisitions during fiscal year 2025, which could lead to upward revisions in company guidance and consensus estimates. Meanwhile, KeyBanc Capital Markets increased their price target for i3 Verticals to $32.00 from $27.00, maintaining an Overweight rating due to the company’s impressive revenue and adjusted EBITDA performance in the first quarter.
KeyBanc highlighted the timing of license revenue recognition as a major contributor to the positive results, alongside an acceleration in Annual Recurring Revenue (ARR). The company’s organic revenue growth was approximately 10%, although this figure adjusts to about 7% when accounting for the timing benefit. KeyBanc’s analyst expressed optimism about i3 Verticals’ growth trajectory, improved margins, and sales pipeline, especially with larger-than-usual customer engagements. Both firms acknowledged that the company’s strategy for future price increases, though not the primary growth driver, would support its growth targets. Despite these developments, i3 Verticals’ guidance for fiscal year 2025 remains unchanged.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.