During the last three months, 9 analysts shared their evaluations of Vertex (NASDAQ:VERX), revealing diverse outlooks from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 4 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 4 | 2 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts have recently evaluated Vertex and provided 12-month price targets. The average target is $57.11, accompanied by a high estimate of $62.00 and a low estimate of $50.00. Marking an increase of 26.6%, the current average surpasses the previous average price target of $45.11.
Investigating Analyst Ratings: An Elaborate Study
The standing of Vertex among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| 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: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Vertex. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Vertex compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Vertex's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Vertex analyst ratings.
Delving into Vertex's Background
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.
Vertex's Economic Impact: An Analysis
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Vertex displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 17.52%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: Vertex's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.24% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Vertex's ROE excels beyond industry benchmarks, reaching 2.93%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Vertex's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.65%, the company showcases efficient use 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.
The Significance of Analyst Ratings Explained
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
