High
--
Open
--
VWAP
--
Vol
--
Mkt Cap
--
Low
--
Amount
--
EV/EBITDA(TTM)
--
Total Shares
--
EV
--
EV/OCF(TTM)
--
P/S(TTM)
--
Market Estimates
Earnings Estimates
Revenue
YoY Chg
EPS
YoYChg
FY2025Q3
FY2025Q4
FY2026Q1
51.07M
-8.87%
0.206
+194.29%
55.22M
-9.27%
0.246
+64%
56.70M
-8.09%
0.290
-6.45%
Estimates Revision
The market is revising No Change the revenue expectations for i3 Verticals, Inc. (IIIV) for FY2025, with the revenue forecasts being adjusted by 0% over the past three months. During the same period, the stock price has changed by -24.49%.
Revenue Estimates for FY2025
No Change
0.00%
In Past 3 Month
EPS Estimates for FY2025
No Change
0.00%
In Past 3 Month
Stock Price
Go Down
-24.49%
In Past 3 Month
5 Analyst Rating
Wall Street analysts forecast IIIV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IIIV is 29.80 USD with a low forecast of 25.00 USD and a high forecast of 34.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 23.090
Low
25.00
Averages
29.80
High
34.00
Current: 23.090
Low
25.00
Averages
29.80
High
34.00
DA Davidson
Buy
downgrade
$39 -> $35
2025-11-20
Reason
DA Davidson
Price Target
$39 -> $35
2025-11-20
downgrade
Buy
Reason
DA Davidson lowered the firm's price target on i3 Verticals to $35 from $39 and keeps a Buy rating on the shares after its Q4 results. The company's management expects two dynamics to weigh on growth and margins in FY26, including plans to increase focus on new recurring revenue contracts, which will likely lead to lower non-recurring professional services revenue in the near term, and the management beginning to ramp their investment spending in their Justice technology solutions late in FY25, the analyst tells investors in a research note.
KeyBanc
Overweight
downgrade
$35 -> $32
2025-11-19
Reason
KeyBanc
Price Target
$35 -> $32
2025-11-19
downgrade
Overweight
Reason
KeyBanc lowered the firm's price target on i3 Verticals to $32 from $35 and keeps an Overweight rating on the shares. The firm notes i3 Verticals' Q4 results were above the Street, driven by outperformance in software and related services revenue. FY26 revenue and adjusted EBITDA guidance, however, were below expectations as the company anticipates a decline in non-recurring professional services revenue and continued investment in product innovation, KeyBanc adds.
Morgan Stanley
James Faucette
Equal Weight
downgrade
$30 -> $28
2025-11-19
Reason
Morgan Stanley
James Faucette
Price Target
$30 -> $28
2025-11-19
downgrade
Equal Weight
Reason
Morgan Stanley analyst James Faucette lowered the firm's price target on i3 Verticals to $28 from $30 and keeps an Equal Weight rating on the shares following a more muted FY26 outlook, driven by a decline in nonrecurring professional services as revenue recognition on certain projects in utilities and transportation is pushed out to FY27. Noise created by recent divestitures and one-time items made understanding the growth algorithm difficult, though the miss is "largely timing-related," the analyst tells investors.
DA Davidson
Buy
maintain
$34 -> $39
2025-08-13
Reason
DA Davidson
Price Target
$34 -> $39
2025-08-13
maintain
Buy
Reason
DA Davidson raised the firm's price target on i3 Verticals to $39 from $34 and keeps a Buy rating on the shares. The company's Q3 total revenue and adjusted EBITDA came in "nicely" above the firm's forecasts, while the management also affirmed their guidance for the RemainCo for FY25, the analyst tells investors in a research note. The firm is also raising its FY25 revenue view to $213M from $211M.
Morgan Stanley
James Faucette
Equal Weight
maintain
$25 -> $30
2025-08-12
Reason
Morgan Stanley
James Faucette
Price Target
$25 -> $30
2025-08-12
maintain
Equal Weight
Reason
Morgan Stanley analyst James Faucette raised the firm's price target on i3 Verticals to $30 from $25 and keeps an Equal Weight rating on the shares. The Q3 outperformance is likely reassuring investors about the strength of i3's repositioned business following a prolonged transition to a pure play Public Sector software company, the analyst says. The line of sight is clearing, but the firm thinks this improved clarity is "well reflected in current valuation" with the stock up about 35% year-to-date, the analyst added.
Stephens
Charles Nabhan
Overweight
maintain
$35 -> $40
2025-08-11
Reason
Stephens
Charles Nabhan
Price Target
$35 -> $40
2025-08-11
maintain
Overweight
Reason
Stephens analyst Charles Nabhan raised the firm's price target on i3 Verticals to $40 from $35 and keeps an Overweight rating on the shares after the company reported better than expected Q3 results. i3 has positioned itself for market share gains and revenue acceleration, contends the analyst, who views shares as "attractive compared to software peers."
See All Ratings
Valuation Metrics
The current forward P/E ratio for I3 Verticals Inc (IIIV.O) is 19.49, compared to its 5-year average forward P/E of 19.85. For a more detailed relative valuation and DCF analysis to assess I3 Verticals Inc 's fair value, click here.
Forward PE
The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
Fair
5Y Average PE
19.85
Current PE
19.49
Overvalued PE
26.88
Undervalued PE
12.83
Forward EV/EBITDA
The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
Fair
5Y Average EV/EBITDA
11.60
Current EV/EBITDA
9.96
Overvalued EV/EBITDA
14.25
Undervalued EV/EBITDA
8.95
Forward PS
The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
Fair
5Y Average PS
1.92
Current PS
2.29
Overvalued PS
2.50
Undervalued PS
1.34
Financials
Annual
Quarterly
N/A
Total Revenue
N/A
Operating Profit
N/A
Net Income after Tax
N/A
EPS - Diluted
N/A
Free Cash Flow
N/A
Gross Profit Margin - %
N/A
FCF Margin - %
N/A
Net Margin - %
N/A
ROIC
Trading Trends
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
Bought
Hedge Fund
Hedge Funds are Neutral. There are no significant trading trends over the last quarter.
Sold
Bought
Congress Trading
Congress are Neutral. There are no significant trading trends over the last month.
Sold
Bought
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
Bought
IIIV News & Events
Events Timeline
(ET)
2025-11-17
17:43:47
i3 Verticals projects FY26 adjusted EPS between $1.06 and $1.16, below consensus of $1.18
2025-11-17
17:41:31
i3 Verticals announces Q4 adjusted EPS of 27 cents, surpassing consensus estimate of 24 cents
2025-10-20 (ET)
2025-10-20
09:20:58
i3 Verticals Enhances Collaboration with West Virginia Supreme Court
Sign Up For More Events
Sign Up For More Events
News
![[object Object]](https://d5bp8bijhhba2.cloudfront.net/image/default_image/benzinga.png)
Preview
6.0
11-19BenzingaKeybanc Keeps Overweight Rating on i3 Verticals, Reduces Price Target to $32
Preview
6.0
11-19BenzingaMorgan Stanley Keeps Equal-Weight Rating on i3 Verticals, Reduces Price Target to $28
![[object Object]](https://d5bp8bijhhba2.cloudfront.net/image/cover_image/30289b8691c8431901e82cc3dc55363b08516979c22bdce9f5a0af40f93264da.jpg)
Preview
2.0
11-19NASDAQ.COMReasons Behind Today's Decline in i3 Verticals Stock
Sign Up For More News
People Also Watch
FAQ
What is I3 Verticals Inc (IIIV) stock price today?
What is I3 Verticals Inc (IIIV)'s business?
What is the price predicton of IIIV Stock?
What is I3 Verticals Inc (IIIV)'s revenue for the last quarter?
What is I3 Verticals Inc (IIIV)'s earnings per share (EPS) for the last quarter?
What changes have occurred in the market's expectations for I3 Verticals Inc (IIIV)'s fundamentals?
How many employees does I3 Verticals Inc (IIIV). have?