Bullish indicating open at $55-$60, IPO prices at $37
Investing.com - DA Davidson has raised its price target on i3 Verticals (NASDAQ:IIIV) to $39.00 from $34.00 while maintaining a Buy rating following the company’s fiscal third-quarter results. The stock, currently trading at $32.11, has shown impressive momentum with a 53.2% gain over the past year.
The payment solutions provider reported both total revenue and adjusted EBITDA that exceeded DA Davidson’s forecasts for the quarter ended June 2025. InvestingPro data reveals the company maintains an impressive 90.72% gross profit margin, with revenue growing 25.08% over the last twelve months.
Management affirmed its guidance for the remainder of fiscal 2025 following the strong quarterly performance.
DA Davidson has adjusted its forecasts in response to the results, increasing total revenue projections for 2025-2027 by 1% each year.
The firm also raised its adjusted EBITDA forecasts by 1%-2% for the same period, supporting its decision to maintain a Buy rating while lifting the price target.
In other recent news, i3 Verticals reported its third-quarter fiscal 2025 results, surpassing analyst expectations with an adjusted diluted earnings per share (EPS) of $0.23, compared to the forecasted $0.21. The company’s revenue reached $51.9 million, exceeding the expected $49.89 million by 4.03%. This strong performance led Benchmark to raise its price target for i3 Verticals to $39.00, maintaining a Buy rating. Stephens also increased its price target to $40.00, continuing with an Overweight rating, citing 8% organic growth and 12.4% total revenue growth. Raymond (NSE:RYMD) James followed suit, raising its price target to $39.00 and maintaining a Strong Buy rating, noting a 2% revenue upside and a 4% adjusted EBITDA beat. The company’s Software-as-a-Service (SaaS) growth was notable at 24% year-over-year. Additionally, i3 Verticals saw an expansion of 120 basis points in adjusted EBITDA margin and executed $26 million in share buybacks. These developments highlight i3 Verticals’ continued strong performance and positive outlook according to several analyst firms.
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