Piper Sandler Issues Positive Forecast for Vertex (NASDAQ:VERX) Stock Price

Key Points

• Piper Sandler raised Vertex’s price target from $16 to $20 but kept a neutral rating; the new target implies 25.63% upside from the previous close.
• Analyst views are mixed: Needham raised its target to $30 and reiterated a buy rating, while the overall consensus remains Hold with an average target of $18.50.
• Vertex beat quarterly estimates, reporting EPS of $0.26 versus $0.22 expected and revenue of $213.28 million versus $209.72 million; revenue grew 11% year over year.

Vertex (NASDAQ:VERX - Get Free Report) had its price objective raised by Piper Sandler from $16.00 to $20.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Piper Sandler's price objective suggests a potential upside of 25.63% from the company's previous close.

Several other research firms have also weighed in on VERX. Needham & Company LLC increased their price objective on shares of Vertex from $20.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday. Robert W. Baird cut their price objective on Vertex from $19.00 to $17.00 and set an "outperform" rating for the company in a research report on Tuesday, August 4th. TD Cowen dropped their target price on Vertex from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Tuesday, October 13th. Weiss Ratings raised shares of Vertex from a "sell (d)" rating to a "sell (d+)" rating in a research report on Friday, October 23rd. Finally, Stephens decreased their price objective on shares of Vertex from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Tuesday, August 4th. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Vertex has a consensus rating of "Hold" and an average target price of $18.50.

Vertex Price Performance

Vertex stock opened at $15.92 on Thursday. The stock has a market capitalization of $2.58 billion, a P/E ratio of 796.40 and a beta of 0.77. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.87 and a quick ratio of 0.87. Vertex has a 12-month low of $10.21 and a 12-month high of $20.85. The firm's 50-day moving average is $13.28 and its two-hundred day moving average is $13.30.

Vertex (NASDAQ:VERX - Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. Vertex had a net margin of 0.45% and a return on equity of 29.00%. The company had revenue of $213.28 million for the quarter, compared to analyst estimates of $209.72 million. During the same quarter last year, the business earned $0.17 EPS. Vertex's revenue for the quarter was up 11.0% on a year-over-year basis. Equities analysts predict that Vertex will post 0.58 earnings per share for the current year.

Institutional Trading of Vertex

Large investors have recently made changes to their positions in the company. Fulcrum Asset Management LLP lifted its holdings in shares of Vertex by 1,637.3% in the 3rd quarter. Fulcrum Asset Management LLP now owns 34,173 shares of the company's stock worth $381,000 after acquiring an additional 32,206 shares during the last quarter. StoneRidge PMG Advisors LLC bought a new position in Vertex in the third quarter worth approximately $293,000. M Holdings Securities Inc. purchased a new position in Vertex during the 3rd quarter worth $286,000. CenterBook Partners LP grew its position in shares of Vertex by 257.1% during the 3rd quarter. CenterBook Partners LP now owns 75,419 shares of the company's stock worth $888,000 after buying an additional 54,301 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Vertex in the third quarter worth approximately $68,000. Institutional investors own 70.32% of the company's stock.

Trending Headlines about Vertex

Here are the key news stories impacting Vertex this week:

• Positive Sentiment: Needham & Company raised its price target on Vertex from $20 to $30 and reiterated a “buy” rating. The new target implies 88.4% upside from the $15.92 reference price in the report. Needham analyst recommendations
• Positive Sentiment: Vertex reported third-quarter EPS of $0.26, above the $0.22 consensus, and revenue of $213.28 million, ahead of estimates of $209.72 million. Revenue grew 11% year over year, while EPS increased from $0.17 a year earlier. The company also provided guidance. Vertex third-quarter 2026 results
• Neutral Sentiment: One earnings review noted that a tax charge weighed on the reported quarter despite stronger adjusted performance; the supplied coverage did not specify the charge’s size or provide details of the company’s guidance. Vertex Q3 2026 earnings analysis

Vertex Company Profile

Vertex, Inc is a tax technology company that provides software and services to help businesses manage tax determination, compliance and reporting. Its solutions are designed to support complex transaction tax requirements across sales and use tax, value-added tax, goods and services tax, communications tax, and other indirect taxes.

The company's offerings include cloud-based and enterprise tax software, tax calculation engines, compliance and returns management tools, tax data management, and related professional services.

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