Vertex (VERX) Could Be 17% Undervalued As Oracle Win Fuels Interest

Vertex (VERX) is back in focus after its O Series Tax Engine for Oracle secured Oracle Validated Oracle Cloud Infrastructure Expertise and landed in the Oracle Marketplace, a development tied directly to recent share price interest. Recent interest around Vertex ties directly into these product wins. The share price closed at US$14.32 after a 1-day share price return of 5.84%, building on a 30-day share price return of 19.73%. This comes even though the year-to-date share price return is down 24.67% and the 1-year total shareholder return has fallen 44.80%, pointing to short-term momentum following a weaker longer run.