Benchmark Analyst Raises Price Target for i3 Verticals to $39, Maintains 'Buy' Rating

Benchmark analyst Mark Palmer maintained a "Buy" rating for i3 Verticals (IIIV) and raised the price target to $39.00, an 18.18% increase from the prior target. The company offers integrated payment and software solutions to small and medium-sized businesses and generates maximum revenue from the Public Sector segment. The average target price for IIIV is $34.33, with an average brokerage recommendation of 1.8, indicating "Outperform" status. The estimated GF Value for IIIV in one year is $22.46, suggesting a downside of 29.17% from the current price.

Benchmark analyst Mark Palmer has maintained a "Buy" rating for i3 Verticals (IIIV) and raised the price target to $39.00, an 18.18% increase from the prior target. The company offers integrated payment and software solutions to small and medium-sized businesses and generates maximum revenue from the Public Sector segment. The average target price for IIIV is $34.33, with an average brokerage recommendation of 1.8, indicating "Outperform" status. The estimated GF Value for IIIV in one year is $22.46, suggesting a downside of 29.17% from the current price [1].

The upgrade comes as a positive signal for investors, especially those looking for opportunities in the fintech and software sectors. i3 Verticals' focus on the Public Sector segment, which is known for its stability and growth potential, adds to its appeal. However, the significant downside risk highlighted by the estimated GF Value should be carefully considered by investors.

Investors should also keep an eye on the company's earnings reports and any updates from the analyst community to stay informed about potential changes in the rating or price target. The financial health and performance of the company will play a crucial role in determining its future prospects.

References:
[1] https://www.marketbeat.com/ratings/by-issuer/benchmark-stock-recommendations/