KeyBanc Lowers i3 Verticals Price Target to $30, Keeps Overweight After Mixed Q1 Results
KeyBanc reduced its price objective for i3 Verticals to $30 from $32 but maintained an Overweight rating after the company’s fiscal first-quarter report. The quarter showed a modest revenue beat and an EPS surprise, along with ARR growth and strong SaaS momentum, even as adjusted EBITDA missed estimates and margins deteriorated amid higher hosting …