Vertex Pharmaceuticals (VRTX) Stock Forecast, Price & News

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Vertex Pharmaceuticals in the last year. There are currently 6 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" VRTX shares.
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16 brokerages have issued 12-month price objectives for Vertex Pharmaceuticals' stock. Their VRTX share price forecasts range from $285.00 to $456.00. On average, they expect the company's stock price to reach $354.22 in the next twelve months. This suggests a possible upside of 6.0% from the stock's current price.
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Vertex Pharmaceuticals' stock was trading at $288.78 at the beginning of 2023. Since then, VRTX shares have increased by 15.7% and is now trading at $334.11.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our VRTX earnings forecast.

Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) posted its quarterly earnings results on Monday, May, 1st. The pharmaceutical company reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.54. The pharmaceutical company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. Vertex Pharmaceuticals had a net margin of 35.40% and a trailing twelve-month return on equity of 25.06%. Vertex Pharmaceuticals's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the company earned $3.16 EPS.
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ETFs with the largest weight of Vertex Pharmaceuticals (NASDAQ:VRTX) stock in their portfolio include VanEck Biotech ETF (BBH), Direxion mRNA ETF (MSGR), iShares Biotechnology ETF (IBB), Invesco Nasdaq Biotechnology ETF (IBBQ), Pacer US Cash Cows Growth ETF (BUL), ProShares Ultra Nasdaq Biotechnology (BIB), Invesco Dynamic Biotechnology & Genome ETF (PBE) and ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA).

Vertex Pharmaceuticals issued an update on its FY 2023 earnings guidance on Monday, May, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $9.55 billion-$9.70 billion, compared to the consensus revenue estimate of $9.71 billion.

31 employees have rated Vertex Pharmaceuticals Chief Executive Officer Reshma Kewalramani on Glassdoor.com. Reshma Kewalramani has an approval rating of 76% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Vertex Pharmaceuticals investors own include NVIDIA (NVDA), Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS), Alibaba Group (BABA), Advanced Micro Devices (AMD), Gilead Sciences (GILD), Micron Technology (MU), Salesforce (CRM), Netflix (NFLX), Intel (INTC) and PayPal (PYPL).

Vertex Pharmaceuticals trades on the NASDAQ under the ticker symbol "VRTX."

Vertex Pharmaceuticals' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.28%), FMR LLC (6.32%), State Street Corp (4.74%), Wellington Management Group LLP (2.92%), Price T Rowe Associates Inc. MD (2.56%) and Geode Capital Management LLC (2.10%). Insiders that own company stock include Amit Sachdev, Bastiano Sanna, Bruce I Sachs, Charles F Wagner Jr, David Altshuler, Jeffrey M Leiden, Joy Liu, Kristen Ambrose, Lloyd Carney, Margaret G Mcglynn, Michael Parini, Ourania Tatsis, Paul M Silva, Reshma Kewalramani, Sangeeta N Bhatia, Sangeeta N Bhatia, Stuart A Arbuckle and Yuchun Lee.
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Shares of VRTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VRTX stock can currently be purchased for approximately $334.11.

Vertex Pharmaceuticals (NASDAQ:VRTX) has a market capitalization of $86.05 billion and generates $8.93 billion in revenue each year. The pharmaceutical company earns $3.32 billion in net income (profit) each year or $12.56 on an earnings per share basis.

The company employs 4,800 workers across the globe.

Vertex Pharmaceuticals' mailing address is 50 NORTHERN AVENUE, BOSTON MA, 02210. The official website for the company is www.vrtx.com. The pharmaceutical company can be reached via phone at (617) 341-6100, via email at investorinfo@vrtx.com, or via fax at 617-576-2109.