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Vertex (VERX) Stock Forecast & Price Target

$35.17
+0.68 (+1.97%)
(As of 06/21/2024 09:00 PM ET)

Vertex - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$35.67
1.41% Upside
High Forecast$45.00
Average Forecast$35.67
Low Forecast$29.00
TypeCurrent Forecast
6/25/23 to 6/24/24
1 Month Ago
5/26/23 to 5/25/24
3 Months Ago
3/27/23 to 3/26/24
1 Year Ago
6/25/22 to 6/25/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
5 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
4 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$35.67$35.67$35.78$21.33
Forecasted Upside1.41% Upside18.61% Upside15.37% Upside19.76% Upside
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VERX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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VERX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Vertex Stock vs. The Competition

TypeVertexComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.60
2.60
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside1.41% Upside212.79% Upside10.90% Upside
News Sentiment RatingVery Positive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/13/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$45.00 ➝ $45.00+28.35%
4/23/2024Citigroup
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 Lower TargetNeutral ➝ Neutral$34.00 ➝ $32.00+16.79%
4/23/2024JMP Securities
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 Reiterated RatingMarket Outperform ➝ Market Outperform$42.00+49.04%
4/23/2024Bank of America
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 Lower TargetNeutral ➝ Neutral$40.00 ➝ $34.00+13.18%
3/1/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$33.00 ➝ $39.00+15.15%
3/1/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$30.00 ➝ $35.00+3.06%
3/1/2024Jefferies Financial Group
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 Boost TargetHold ➝ Hold$27.00 ➝ $35.00+4.23%
11/10/2023Raymond James
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 Boost TargetOutperform ➝ Outperform$24.00 ➝ $29.00+6.74%
11/10/2023Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$25.00 ➝ $30.00+10.42%
11/9/2023William Blair
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M. Pfau
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Reiterated RatingOutperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 05:48 AM ET.

VERX Forecast - Frequently Asked Questions

What is Vertex's stock forecast and purchase recommendation?

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Vertex is $35.67, with a high forecast of $45.00 and a low forecast of $29.00. The consensus rating for Vertex stock is Moderate Buy based on the current 4 hold ratings and 6 buy ratings for VERX. Learn more on VERX's analyst rating history.

Do Wall Street analysts like Vertex more than its competitors?

Analysts like Vertex more than other "computer and technology" companies. The consensus rating score for Vertex is 2.60 while the average consensus rating score for "computer and technology" companies is 2.60. Learn more on how VERX compares to other companies.

Does Vertex's stock price have much upside?

According to analysts, Vertex's stock has a predicted upside of 16.12% based on their 12-month stock forecasts.

What analysts cover Vertex?

Vertex has been rated by research analysts at Bank of America, Citigroup, JMP Securities, and Needham & Company LLC in the past 90 days.


Stock Forecasts and Research Tools

This page (NASDAQ:VERX) was last updated on 6/24/2024 by MarketBeat.com Staff

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