Analyst Expectations For Vertex's Future


During the last three months, 6 analysts shared their evaluations of Vertex VERX, revealing diverse outlooks from bullish to bearish.

The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 2 2 2 0 0
Last 30D 0 0 1 0 0
1M Ago 0 0 0 0 0
2M Ago 0 0 0 0 0
3M Ago 2 2 1 0 0

The 12-month price targets, analyzed by analysts, offer insights with an average target of $30.33, a high estimate of $35.00, and a low estimate of $27.00. This upward trend is apparent, with the current average reflecting a 19.74% increase from the previous average price target of $25.33.

Diving into Analyst Ratings: An In-Depth Exploration

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
Steven Enders Citigroup Lowers Neutral $27.00 $29.00
Daniel Jester BMO Capital Raises Market Perform $28.00 $24.00
Adam Hotchkiss Goldman Sachs Raises Buy $33.00 $25.00
Stan Zlotsky Morgan Stanley Raises Overweight $30.00 $25.00
Alexander Sklar Raymond James Raises Outperform $29.00 $24.00
Joshua Reilly Needham Raises Buy $35.00 $25.00

Key Insights:

  • Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Vertex. This information offers a snapshot of how analysts perceive the current state of the company.
  • Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' 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.

Discovering Vertex: A Closer Look

Vertex Inc is a provider of tax technology and services. It enables companies to realize the full strategic potential of the tax function by automating and integrating tax processes while leveraging advanced and predictive analytics of tax data. 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.

Financial Milestones: Vertex's Journey

Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.

Positive Revenue Trend: Examining Vertex's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 14.88% as of 30 September, 2023, showcasing a substantial increase in 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: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -2.34%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): Vertex's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of -1.52%, the company showcases efficient use of equity capital and strong financial health.

Return on Assets (ROA): Vertex's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of -0.47%, the company showcases efficient use of assets and strong financial health.

Debt Management: Vertex's debt-to-equity ratio is below the industry average at 0.31, reflecting a lower dependency on debt financing and a more conservative financial approach.

How Are Analyst Ratings Determined?

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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