Digitization And AI Will Boost Public Sector Expansion

AN

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

28 May 25

Updated

06 Jun 26

Views

73

06 Jun

US$19.82

AnalystConsensusTarget's Fair Value

US$28.50

30.5% undervalued

1Y

-21.4%

7D

1.2%

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1Y

-21.4%

7D

1.2%

You can edit this narrative until Jun 7 10:10 AM. Then, changes will post as Updates.

Author's Valuation

US$28.530.5% undervalued

AnalystConsensusTarget Fair Value

Shared on 06 Jun 26

IIIV: Share Repurchases And Reset Guidance Will Support Future Upside Potential

i3 Verticals steps up share buybacks even as management signals softer near-term services work, pushing analysts to dial back expectations. The reset outlook may make the company’s longer-term growth story easier to track, but it also puts more focus on whether other parts of the business can pick up the slack.

1 view

Shared on 19 May 26

Fair value Decreased 9.04%

IIIV: Share Repurchases And Margin Execution Will Support Future Upside Potential

i3 Verticals pulls back its outlook after lowering its revenue guidance, and analysts dial down their expectations even while many stay positive. At the same time, the company leans into stock buybacks, setting up a tug-of-war between slower momentum and shareholder-friendly capital returns.

1 view

Shared on 21 Apr 26

IIIV: Margin Execution And Buybacks Will Drive Future Upside Potential

Analysts have trimmed their price targets on i3 Verticals by $6 and $2, respectively, reflecting updated views on discount rates, growth, margins and future P/E assumptions, while keeping fair value estimates broadly in line. Analyst Commentary Recent research comments on i3 Verticals point to a mixed stance, with price targets adjusted to reflect updated views on discount rates, growth, margins and future P/E assumptions.

0 views

Shared on 05 Apr 26

IIIV: Margin Execution And Buybacks Will Support Future Upside Potential

Analysts have reduced their price targets on i3 Verticals by $2 to $6, citing updated assumptions for discount rates, revenue growth, profit margins, and future P/E. These changes leave their overall view of the stock's fair value broadly unchanged.

7 views

Shared on 22 Mar 26

IIIV: Rebased Expectations And Execution On Margins Will Support Upside

The analyst price target for i3 Verticals has been reduced by a mid single digit dollar amount, with the change largely tied to updated models from analysts who lowered their $6 and $2 estimates after reassessing growth, profitability, and valuation multiples. Analyst Commentary Recent research updates point to a mixed setup for i3 Verticals, with price targets trimmed but underlying views split between what could go right on execution and what might limit the re-rating of the shares.

1 view

Shared on 06 Mar 26

IIIV: Rebased Expectations And Public Sector Focus Will Support Upside

Analysts have trimmed their average price target on i3 Verticals by $6 and then by a further $2, reflecting updated views on the company’s risk profile and long term earnings potential, while keeping fair value estimates broadly aligned with prior assumptions. Analyst Commentary Recent Street research around i3 Verticals focuses less on a single data point and more on how the new price targets line up with execution risk, earnings visibility, and the time it might take for growth initiatives to show through in the numbers.

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Shared on 20 Feb 26

Fair value Decreased 8.29%

IIIV: Margin Expansion And Public Sector Focus Will Support Upside

Analysts have trimmed their price targets on i3 Verticals to reflect a lower fair value estimate of about $31, while still citing expectations for revenue growth, improving profit margins, and a more moderate future P/E profile around 31x. Analyst Commentary Recent Street research on i3 Verticals points to a mixed but constructive view, with price targets reduced to align with a lower fair value estimate around US$31, while still recognizing potential for growth and margin improvement.

1 view

Shared on 05 Feb 26

IIIV: FY27 Project Timing And Public Sector Focus Will Support Upside

Analysts have trimmed their price target on i3 Verticals to US$28 from US$30, pointing to a more muted FY26 outlook. Nonrecurring professional services revenue tied to utilities and transportation projects is now expected to be recognized in FY27, and recent divestitures and one-time items add noise to the near-term growth picture.

10 views

Shared on 22 Jan 26

IIIV: Project Timing Shifts Will Support FY27 Services And Public Sector Visibility

Analysts have trimmed their price target on i3 Verticals to US$28 from US$30, citing a more muted FY26 outlook, as some nonrecurring professional services revenue is now expected to be recognized in FY27 and recent divestitures and one time items have added timing noise to the growth story. Analyst Commentary Recent Street commentary on i3 Verticals focuses less on a change in long term conviction and more on how the timing of revenue and recent portfolio moves affect the story over the next couple of years.

2 views

Shared on 07 Jan 26

IIIV: Project Timing Shifts Will Support FY27 Services Revenue Visibility

Analysts have trimmed their price target on i3 Verticals to US$28 from US$30, citing a more muted FY26 outlook. Some nonrecurring professional services revenue is now expected to be recognized in FY27, and recent divestitures and one-time items have made the growth profile harder to read in the near term.

0 views

Shared on 22 Dec 25

IIIV: Project Timing Shifts Will Support FY27 Recurring Revenue Resilience

Analysts have trimmed their price target on i3 Verticals to $28 from $30, citing a more muted FY26 outlook as revenue recognition on certain utilities and transportation projects is pushed into FY27. They also noted that recent divestitures introduce timing-related noise into the growth profile.

2 views

Shared on 08 Dec 25

Fair value Decreased 1.44%

IIIV: Project Timing Shifts Will Support Recurring Revenue Resilience

Analysts have modestly reduced their price target on i3 Verticals, trimming fair value by roughly $0.50 per share to reflect slightly slower near term revenue growth and margin expectations amid timing related project delays and divestiture related noise. Analyst Commentary Street research reflects a more cautious stance on i3 Verticals, with reduced long term revenue expectations linked to project timing and a less visible growth algorithm following recent portfolio changes.

1 view

Shared on 24 Nov 25

Fair value Decreased 6.31%

IIIV: Recurring Revenue Streams Will Support Resilience Amid Project Delays

Analysts have revised their price target for i3 Verticals downward, lowering it from $37.00 to $34.67. This change comes as near-term growth expectations are tempered by delays in professional services revenue and recent business divestitures.

8 views

Shared on 15 Aug 25

Fair value Increased 16%

Analysts have raised their price target for i3 Verticals from $32.00 to $37.00, citing Q3 outperformance, successful public sector transition, improved business clarity, and a stronger risk/reward profile. Analyst Commentary Bullish analysts cite outperformance in Q3 results, reflecting successful execution and a smooth transition to a pure-play Public Sector software company.

1 view

Valuator

Company Info

Notes

AnalystConsensusTarget Fair Value

US$28.5

30.5% undervalued

Future estimation in

Revenue

Profit Margin

Future PE

Growth p.a.

%

Decrease

Increase

Forecast revenue growth rate

7.85%

Historical revenue growth rate

-3.01%

Software revenue growth rate

1.68%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

9.00%

Calculation

US$15.07m

Earnings '29

x

36.78x

PE Ratio '29

=

US$554.17m

Market Cap '29

US$554.17m

Market Cap '29

/

15.73m

No. shares '29

=

US$35.24

Share Price '29

US$35.24 Share Price '29

Discounted to 2026 @ 9.04% p.a.

=

US$27.19

Fair Value '26