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Vertex - VERX Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $54.70
  • Forecasted Upside: 2.19%
  • Number of Analysts: 11
  • Breakdown:
  • 0 Sell Ratings
  • 3 Hold Ratings
  • 7 Buy Ratings
  • 1 Strong Buy Ratings
$53.53 As of 12/20/2024 06:31 PM ET
▼ -0.06 (-0.11%)

This chart shows the closing price for VERX by one month, three months, or twelve months.

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Analyst Price Target for VERX

Analyst Price Target is $54.70
▲ +2.19% Upside Potential
This price target is based on 11 analysts offering 12 month price targets for Vertex in the last 3 months. The average price target is $54.70, with a high forecast of $62.00 and a low forecast of $34.00. The average price target represents a 2.19% upside from the last price of $53.53.

This chart shows the closing price for VERX for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 11 investment analysts is to moderate buy stock in Vertex. This rating has held steady since October 2023, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 2 sell ratings
Ratings as of
6/30/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
9/28/2023
  • 0 strong buy ratings
  • 6 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
12/27/2023
  • 0 strong buy ratings
  • 6 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
3/26/2024
  • 0 strong buy ratings
  • 6 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
6/24/2024
  • 1 strong buy ratings
  • 7 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
9/22/2024
  • 1 strong buy ratings
  • 7 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
11/21/2024
  • 1 strong buy ratings
  • 7 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
12/21/2024

Latest Recommendations

  • 1 strong buy ratings
  • 7 buy ratings
  • 3 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
12/18/2024Stifel NicolausBoost TargetBuy ➝ Buy$52.00 ➝ $58.00
12/16/2024CitigroupBoost TargetNeutral ➝ Neutral$46.00 ➝ $54.00
12/9/2024JMP SecuritiesReiterated RatingMarket Outperform ➝ Market Outperform$61.00 ➝ $61.00
11/13/2024Morgan StanleyBoost TargetOverweight ➝ Overweight$50.00 ➝ $62.00
11/7/2024Stifel NicolausBoost TargetBuy ➝ Buy$41.00 ➝ $52.00
11/7/2024Robert W. BairdBoost TargetOutperform ➝ Outperform$43.00 ➝ $57.00
11/7/2024BMO Capital MarketsBoost TargetMarket Perform ➝ Market Perform$42.00 ➝ $52.00
11/7/2024JMP SecuritiesBoost TargetMarket Outperform ➝ Market Outperform$47.00 ➝ $61.00
11/7/2024The Goldman Sachs GroupBoost TargetBuy ➝ Buy$42.00 ➝ $59.00
11/7/2024Needham & Company LLCBoost TargetBuy ➝ Buy$45.00 ➝ $60.00
11/4/2024Jefferies Financial GroupUpgradeHold ➝ Buy$35.00 ➝ $50.00
7/31/2024JMP SecuritiesBoost TargetMarket Outperform ➝ Market Outperform$42.00 ➝ $47.00
7/23/2024Baird R WUpgradeStrong-Buy
7/23/2024Robert W. BairdInitiated CoverageOutperform$43.00
6/28/2024CitigroupBoost TargetNeutral ➝ Neutral$32.00 ➝ $36.00
6/13/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$45.00 ➝ $45.00
5/6/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$45.00
4/23/2024CitigroupLower TargetNeutral ➝ Neutral$34.00 ➝ $32.00
4/23/2024JMP SecuritiesReiterated RatingMarket Outperform ➝ Market Outperform$42.00
4/23/2024Bank of AmericaLower TargetNeutral ➝ Neutral$40.00 ➝ $34.00
3/1/2024JMP SecuritiesBoost TargetMarket Outperform ➝ Market Outperform$31.00 ➝ $42.00
3/1/2024The Goldman Sachs GroupBoost TargetBuy ➝ Buy$33.00 ➝ $39.00
3/1/2024BMO Capital MarketsBoost TargetMarket Perform ➝ Market Perform$30.00 ➝ $35.00
3/1/2024Bank of AmericaUpgradeUnderperform ➝ Neutral$23.00 ➝ $40.00
3/1/2024Needham & Company LLCBoost TargetBuy ➝ Buy$35.00 ➝ $45.00
3/1/2024Jefferies Financial GroupBoost TargetHold ➝ Hold$27.00 ➝ $35.00
1/16/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$35.00
1/12/2024CitigroupLower TargetNeutral ➝ Neutral$29.00 ➝ $27.00
11/10/2023Needham & Company LLCBoost TargetBuy ➝ Buy$25.00 ➝ $35.00
11/10/2023Raymond JamesBoost TargetOutperform ➝ Outperform$24.00 ➝ $29.00
11/10/2023Morgan StanleyBoost TargetOverweight ➝ Overweight$25.00 ➝ $30.00
11/10/2023The Goldman Sachs GroupBoost TargetBuy ➝ Buy$25.00 ➝ $33.00
11/10/2023BMO Capital MarketsBoost TargetMarket Perform ➝ Market Perform$24.00 ➝ $28.00
11/9/2023William BlairReiterated RatingOutperform
9/18/2023Morgan StanleyInitiated CoverageOverweight$25.00
8/21/2023JMP SecuritiesReiterated RatingMarket Outperform ➝ Market Outperform$28.00
8/10/2023CitigroupLower TargetNeutral ➝ Neutral$22.00 ➝ $21.00
8/10/2023BMO Capital MarketsLower TargetMarket Perform ➝ Market Perform$23.00 ➝ $22.00
8/10/2023Needham & Company LLCReiterated RatingBuy ➝ Buy$25.00
7/21/2023CitigroupLower TargetNeutral$23.00 ➝ $22.00
5/26/2023Bank of AmericaDowngradeNeutral ➝ Underperform
5/11/2023BMO Capital MarketsBoost Target$21.00 ➝ $23.00
5/11/2023Raymond JamesBoost Target$22.00 ➝ $24.00
5/10/2023Jefferies Financial GroupBoost Target$18.00 ➝ $20.00
3/9/2023The Goldman Sachs GroupBoost TargetBuy$21.00 ➝ $24.00
3/9/2023JMP SecuritiesReiterated RatingMarket Outperform$28.00
3/9/2023Needham & Company LLCBoost TargetBuy$19.00 ➝ $25.00
3/9/2023BMO Capital MarketsBoost TargetMarket Perform$16.00 ➝ $19.00
3/9/2023Raymond JamesBoost TargetOutperform$19.00 ➝ $22.00
3/8/2023Bank of AmericaUpgradeUnderperform ➝ Neutral$16.00 ➝ $20.00
2/8/2023Raymond JamesInitiated CoverageOutperform$19.00
1/5/2023Jefferies Financial GroupDowngradeBuy ➝ Hold$13.50 ➝ $15.00
12/19/2022Morgan StanleyBoost TargetUnderweight$10.00 ➝ $12.00
11/10/2022BMO Capital MarketsBoost TargetMarket Perform$14.00 ➝ $15.00
10/27/2022CitigroupBoost Target$16.00
10/21/2022CitigroupBoost Target$15.00 ➝ $16.00
10/21/2022The Goldman Sachs GroupInitiated CoverageBuy$20.00
9/1/2022CitigroupInitiated CoverageNeutral$15.00
8/9/2022William BlairReiterated RatingOutperform
7/14/2022Morgan StanleyLower TargetUnderweight$12.00 ➝ $10.00
5/23/2022Jefferies Financial GroupLower Target$14.50 ➝ $13.50
3/10/2022Needham & Company LLCLower TargetBuy$30.00 ➝ $19.00
3/10/2022JMP SecuritiesLower TargetMarket Outperform$36.00 ➝ $28.00
2/1/2022BMO Capital MarketsInitiated CoverageMarket Perform$15.00
10/4/2021Bank of AmericaDowngradeNeutral ➝ Underperform$24.00 ➝ $20.00
9/9/2021William BlairReiterated RatingBuy
8/24/2021Berenberg BankInitiated CoverageBuy$27.00
6/3/2021The Goldman Sachs GroupDowngradeNeutral ➝ Sell$24.00 ➝ $18.00
5/14/2021Morgan StanleyLower TargetUnderweight$18.00 ➝ $16.00
4/13/2021Morgan StanleyReiterated RatingEqual Weight ➝ Underweight$18.00
4/7/2021Morgan StanleyDowngradeEqual Weight ➝ Underweight$18.00
3/5/2021CitigroupLower Target$35.00 ➝ $33.00
12/22/2020Smith Barney CitigroupBoost Target$26.00 ➝ $35.00
11/17/2020Needham & Company LLCInitiated CoverageBuy$30.00
11/12/2020Morgan StanleyLower TargetEqual Weight$23.00 ➝ $21.00
9/14/2020CitigroupLower TargetNeutral$29.00 ➝ $26.00
8/24/2020Bank of AmericaInitiated CoverageNeutral$32.00
8/24/2020JMP SecuritiesInitiated CoverageOutperform$33.00
8/24/2020CitigroupInitiated CoverageNeutral$29.00
8/24/2020Jefferies Financial GroupInitiated CoverageBuy$34.00
8/24/2020William BlairInitiated CoverageOutperform
8/24/2020Morgan StanleyInitiated CoverageEqual Weight$23.00
8/24/2020Stifel NicolausInitiated CoverageBuy$31.00
8/23/2020The Goldman Sachs GroupInitiated CoverageNeutral$26.00
(Data available from 12/21/2019 forward)

News Sentiment Rating

1.14 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 14 very positive mentions
  • 13 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
5/25/2024
  • 10 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/24/2024
  • 7 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/24/2024
  • 20 very positive mentions
  • 16 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/23/2024
  • 21 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/22/2024
  • 16 very positive mentions
  • 13 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/22/2024
  • 20 very positive mentions
  • 24 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
11/21/2024
  • 33 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 2 very negative mentions
Mentions as of
12/21/2024

Current Sentiment

  • 33 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 2 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Vertex logo
Vertex, Inc., together with its subsidiaries, provides enterprise tax technology solutions for retail trade, wholesale trade, and manufacturing industries in the United States and internationally. The company offers tax determination; compliance and reporting, including workflow management tools, role-based security, and event logging; tax data management; document management; analytics and insights; pre-built integration that includes mapping data fields, and business logic and configurations; industry-specific solutions; and technology specific solutions, such as chain flow accelerator and SAP-specific tools. It provides implementation services, such as configuration, data migration and implementation, and support and training; and managed services, including tax return preparation, filing and tax payment, and notice management. The company sells its software products through software licenses and software as a service subscription. Vertex, Inc. was founded in 1978 and is headquartered in King of Prussia, Pennsylvania.
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Today's Range

Now: $53.53
Low: $52.00
High: $54.62

50 Day Range

MA: $49.45
Low: $41.09
High: $56.92

52 Week Range

Now: $53.53
Low: $23.31
High: $57.74

Volume

1,857,312 shs

Average Volume

797,302 shs

Market Capitalization

$8.35 billion

P/E Ratio

297.39

Dividend Yield

N/A

Beta

0.77

Frequently Asked Questions

What sell-side analysts currently cover shares of Vertex?

The following Wall Street sell-side analysts have issued reports on Vertex in the last twelve months: Baird R W, Bank of America Co., BMO Capital Markets, Citigroup Inc., Jefferies Financial Group Inc., JMP Securities, Morgan Stanley, Needham & Company LLC, Robert W. Baird, Stifel Nicolaus, and The Goldman Sachs Group, Inc..
View the latest analyst ratings for VERX.

What is the current price target for Vertex?

0 Wall Street analysts have set twelve-month price targets for Vertex in the last year. Their average twelve-month price target is $54.70, suggesting a possible upside of 2.2%. Morgan Stanley has the highest price target set, predicting VERX will reach $62.00 in the next twelve months. Bank of America Co. has the lowest price target set, forecasting a price of $34.00 for Vertex in the next year.
View the latest price targets for VERX.

What is the current consensus analyst rating for Vertex?

Vertex currently has 3 hold ratings, 7 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for VERX.

What other companies compete with Vertex?

Other companies that are similar to Vertex include Baidu, Zscaler, Samsara, Zoom Video Communications and PTC. Learn More about companies similar to Vertex.

How do I contact Vertex's investor relations team?

Vertex's physical mailing address is 2301 RENAISSANCE BOULEVARD, KING OF PRUSSIA PA, 19406. The company's listed phone number is 800-355-3500 and its investor relations email address is [email protected]. The official website for Vertex is www.vertexinc.com. Learn More about contacing Vertex investor relations.