In the preceding three months, 12 analysts have released ratings for Vertex VERX, presenting a wide array of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 4 | 2 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 4 | 3 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $57.33, along with a high estimate of $62.00 and a low estimate of $50.00. Marking an increase of 25.12%, the current average surpasses the previous average price target of $45.82.
Interpreting Analyst Ratings: A Closer Look
The analysis of recent analyst actions sheds light on the perception of Vertex by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| William Jellison | DA Davidson | Announces | Buy | $62.00 | - |
| Brad Reback | Stifel | Raises | Buy | $58.00 | $52.00 |
| Steven Enders | Citigroup | Raises | Neutral | $54.00 | $46.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $61.00 | $61.00 |
| Stan Zlotsky | Morgan Stanley | Raises | Overweight | $62.00 | $50.00 |
| Brad Reback | Stifel | Raises | Buy | $52.00 | $41.00 |
| Patrick Walravens | JMP Securities | Raises | Market Outperform | $61.00 | $47.00 |
| Daniel Jester | BMO Capital | Raises | Market Perform | $52.00 | $42.00 |
| Rob Oliver | Baird | Raises | Outperform | $57.00 | $43.00 |
| Adam Hotchkiss | Goldman Sachs | Raises | Buy | $59.00 | $42.00 |
| Joshua Reilly | Needham | Raises | Buy | $60.00 | $45.00 |
| Samad Samana | Jefferies | Raises | Buy | $50.00 | $35.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Vertex. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Vertex compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Vertex's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of Vertex's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Vertex analyst ratings.
Get to Know Vertex Better
Vertex Inc is a provider of tax technology and services. Its software, content, and services help customers stay in compliance with indirect taxes that occur in taxing jurisdictions all over the world. Vertex provides cloud-based and on-premise solutions to specific industries for every line of tax, including income, sales, consumer use, value-added, and payroll. The company offers solutions such as tax determination, Tax Data Management, document management, and compliance and reporting among others. The company derives revenue from software subscriptions.
Unraveling the Financial Story of Vertex
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Vertex's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 17.52%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Vertex's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 4.24%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Vertex's ROE stands out, surpassing industry averages. With an impressive ROE of 2.93%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Vertex's ROA excels beyond industry benchmarks, reaching 0.65%. This signifies efficient management of assets and strong financial health.
Debt Management: Vertex's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.36, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Analyst Ratings: Simplified
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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