Vertex Inc has a consensus price target of $35.08 based on the ratings of 12 analysts. The high is $45 issued by Needham on June 13, 2024. The low is $27 issued by Berenberg on August 25, 2021. The 3 most-recent analyst ratings were released by Citigroup, Needham, and Needham on June 28, 2024, June 13, 2024, and May 9, 2024, respectively. With an average price target of $42 between Citigroup, Needham, and Needham, there's an implied 10.53% upside for Vertex Inc from these most-recent analyst ratings.
1calculated from analyst ratings
Buy Now | Get Alert | |||||||
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06/28/2024 | Buy Now | -5.26% | Citigroup | Steven Enders | $32 → $36 | Maintains | Neutral | Get Alert |
06/13/2024 | Buy Now | 18.42% | Needham | Joshua Reilly | $45 → $45 | Reiterates | Buy → Buy | Get Alert |
05/09/2024 | Buy Now | 18.42% | Needham | Joshua Reilly | → $45 | Reiterates | Buy → Buy | Get Alert |
05/06/2024 | Buy Now | 18.42% | Needham | Joshua Reilly | → $45 | Reiterates | Buy → Buy | Get Alert |
04/23/2024 | Buy Now | 10.53% | JMP Securities | Patrick Walravens | → $42 | Reiterates | Market Outperform → Market Outperform | Get Alert |
04/23/2024 | Buy Now | -15.79% | Citigroup | Steven Enders | $34 → $32 | Maintains | Neutral | Get Alert |
04/23/2024 | Buy Now | -10.53% | B of A Securities | Brad Sills | $40 → $34 | Maintains | Neutral | Get Alert |
03/04/2024 | Buy Now | 2.63% | Goldman Sachs | Adam Hotchkiss | $33 → $39 | Maintains | Buy | Get Alert |
03/01/2024 | Buy Now | 10.53% | JMP Securities | Joe Goodwin | $31 → $42 | Maintains | Market Outperform | Get Alert |
03/01/2024 | Buy Now | 5.26% | B of A Securities | Brad Sills | $23 → $40 | Upgrade | Underperform → Neutral | Get Alert |
03/01/2024 | Buy Now | 2.63% | Goldman Sachs | Adam Hotchkiss | $33 → $39 | Maintains | Buy | Get Alert |
03/01/2024 | Buy Now | -7.89% | BMO Capital | Daniel Jester | $30 → $35 | Maintains | Market Perform | Get Alert |
03/01/2024 | Buy Now | 18.42% | Needham | Joshua Reilly | $35 → $45 | Maintains | Buy | Get Alert |
03/01/2024 | Buy Now | -7.89% | Jefferies | Samad Samana | $27 → $35 | Maintains | Hold | Get Alert |
01/16/2024 | Buy Now | -7.89% | Needham | Joshua Reilly | → $35 | Reiterates | Buy → Buy | Get Alert |
01/12/2024 | Buy Now | -28.95% | Citigroup | Steven Enders | $29 → $27 | Maintains | Neutral | Get Alert |
11/10/2023 | Buy Now | -26.32% | BMO Capital | Daniel Jester | $24 → $28 | Maintains | Market Perform | Get Alert |
11/10/2023 | Buy Now | -13.16% | Goldman Sachs | Adam Hotchkiss | $25 → $33 | Maintains | Buy | Get Alert |
11/10/2023 | Buy Now | -21.05% | Morgan Stanley | Stan Zlotsky | $25 → $30 | Maintains | Overweight | Get Alert |
11/10/2023 | Buy Now | -23.68% | Raymond James | Alexander Sklar | $24 → $29 | Maintains | Outperform | Get Alert |
11/10/2023 | Buy Now | -7.89% | Needham | Joshua Reilly | $25 → $35 | Maintains | Buy | Get Alert |
09/18/2023 | Buy Now | -34.21% | Morgan Stanley | Stan Zlotsky | → $25 | Reinstates | → Overweight | Get Alert |
08/21/2023 | Buy Now | -26.32% | JMP Securities | Joe Goodwin | → $28 | Reiterates | Market Outperform → Market Outperform | Get Alert |
08/10/2023 | Buy Now | -44.74% | Citigroup | Steven Enders | $22 → $21 | Maintains | Neutral | Get Alert |
08/10/2023 | Buy Now | -42.11% | BMO Capital | Daniel Jester | $23 → $22 | Maintains | Market Perform | Get Alert |
08/10/2023 | Buy Now | -34.21% | Needham | Joshua Reilly | → $25 | Reiterates | Buy → Buy | Get Alert |
07/21/2023 | Buy Now | -42.11% | Citigroup | Steven Enders | $23 → $22 | Maintains | Neutral | Get Alert |
05/11/2023 | Buy Now | -39.47% | BMO Capital | Daniel Jester | $21 → $23 | Maintains | Market Perform | Get Alert |
05/11/2023 | Buy Now | -26.32% | JMP Securities | Joe Goodwin | → $28 | Reiterates | Market Outperform → Market Outperform | Get Alert |
05/11/2023 | Buy Now | -34.21% | Needham | Joshua Reilly | → $25 | Reiterates | Buy → Buy | Get Alert |
05/11/2023 | Buy Now | -36.84% | Raymond James | Alexander Sklar | $22 → $24 | Maintains | Outperform | Get Alert |
05/11/2023 | Buy Now | -47.37% | Jefferies | Samad Samana | $18 → $20 | Maintains | Hold | Get Alert |
03/09/2023 | Buy Now | -26.32% | JMP Securities | Joe Goodwin | → $28 | Reiterates | → Market Outperform | Get Alert |
03/09/2023 | Buy Now | -36.84% | Goldman Sachs | Adam Hotchkiss | $21 → $24 | Maintains | Buy | Get Alert |
03/09/2023 | Buy Now | -50% | BMO Capital | Daniel Jester | $16 → $19 | Maintains | Market Perform | Get Alert |
03/09/2023 | Buy Now | -42.11% | Raymond James | Alexander Sklar | $19 → $22 | Maintains | Outperform | Get Alert |
03/09/2023 | Buy Now | -47.37% | B of A Securities | Brad Sills | $16 → $20 | Upgrade | Underperform → Neutral | Get Alert |
03/09/2023 | Buy Now | -34.21% | Needham | Joshua Reilly | $19 → $25 | Maintains | Buy | Get Alert |
02/09/2023 | Buy Now | -50% | Raymond James | Alexander Sklar | → $19 | Initiates | → Outperform | Get Alert |
01/05/2023 | Buy Now | -60.53% | Jefferies | Samad Samana | $13.5 → $15 | Downgrade | Buy → Hold | Get Alert |
12/19/2022 | Buy Now | -68.42% | Morgan Stanley | Stan Zlotsky | $10 → $12 | Maintains | Underweight | Get Alert |
11/10/2022 | Buy Now | -60.53% | BMO Capital | Daniel Jester | $14 → $15 | Maintains | Market Perform | Get Alert |
10/21/2022 | Buy Now | -47.37% | Goldman Sachs | Adam Hotchkiss | → $20 | Initiates | → Buy | Get Alert |
09/01/2022 | Buy Now | -60.53% | Citigroup | Steven Enders | → $15 | Initiates | → Neutral | Get Alert |
07/14/2022 | Buy Now | -73.68% | Morgan Stanley | Stan Zlotsky | $12 → $10 | Maintains | Underweight | Get Alert |
05/23/2022 | Buy Now | -64.47% | Jefferies | Samad Samana | $14.5 → $13.5 | Maintains | Buy | Get Alert |
05/11/2022 | Buy Now | -68.42% | Morgan Stanley | Stan Zlotsky | $13 → $12 | Maintains | Underweight | Get Alert |
03/10/2022 | Buy Now | -26.32% | JMP Securities | Patrick Walravens | $36 → $28 | Maintains | Market Outperform | Get Alert |
03/10/2022 | Buy Now | -50% | Needham | Joshua Reilly | $30 → $19 | Maintains | Buy | Get Alert |
02/01/2022 | Buy Now | -60.53% | BMO Capital | Daniel Jester | → $15 | Initiates | → Market Perform | Get Alert |
10/04/2021 | Buy Now | -47.37% | B of A Securities | Brad Sills | — | Downgrade | Neutral → Underperform | Get Alert |
08/25/2021 | Buy Now | -28.95% | Berenberg | Andrew DeGasperi | — | Initiates | → Buy | Get Alert |
08/24/2021 | Buy Now | -28.95% | Berenberg | — | — | Initiates | → Buy | Get Alert |
The latest price target for Vertex (NASDAQ:VERX) was reported by Citigroup on June 28, 2024. The analyst firm set a price target for $36.00 expecting VERX to fall to within 12 months (a possible -5.26% downside). 26 analyst firms have reported ratings in the last year.
The latest analyst rating for Vertex (NASDAQ:VERX) was provided by Citigroup, and Vertex maintained their neutral rating.
The last upgrade for Vertex Inc happened on March 1, 2024 when B of A Securities raised their price target to $40. B of A Securities previously had an underperform for Vertex Inc.
The last downgrade for Vertex Inc happened on January 5, 2023 when Jefferies changed their price target from $13.5 to $15 for Vertex Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Vertex, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Vertex was filed on June 28, 2024 so you should expect the next rating to be made available sometime around June 28, 2025.
While ratings are subjective and will change, the latest Vertex (VERX) rating was a maintained with a price target of $32.00 to $36.00. The current price Vertex (VERX) is trading at is $38.00, which is out of the analyst’s predicted range.
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