Vertex Pharmaceuticals - VRTX Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Vertex Pharmaceuticals in the last year. There are currently 6 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" VRTX shares.
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17 brokers have issued twelve-month price targets for Vertex Pharmaceuticals' stock. Their VRTX share price forecasts range from $222.00 to $365.00. On average, they expect the company's share price to reach $291.65 in the next year. This suggests that the stock has a possible downside of 0.4%.
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Vertex Pharmaceuticals' stock was trading at $219.60 at the beginning of the year. Since then, VRTX stock has increased by 33.3% and is now trading at $292.80.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our VRTX earnings forecast.

Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) announced its earnings results on Thursday, August, 4th. The pharmaceutical company reported $3.25 earnings per share for the quarter, topping analysts' consensus estimates of $3.05 by $0.20. The pharmaceutical company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.13 billion. Vertex Pharmaceuticals had a net margin of 38.26% and a trailing twelve-month return on equity of 31.22%. The business's revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.80 earnings per share.
Read the conference call transcript.

Vertex Pharmaceuticals updated its FY 2022 earnings guidance on Thursday, August, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $8.60 billion-$8.80 billion, compared to the consensus revenue estimate of $8.58 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."

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 $292.80.

Vertex Pharmaceuticals (NASDAQ:VRTX) has a market capitalization of $75.09 billion and generates $7.57 billion in revenue each year. The pharmaceutical company earns $2.34 billion in net income (profit) each year or $12.37 on an earnings per share basis.

The company employs 3,900 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.