Vertex (VERX) Stock Forecast, Price Target & Predictions
VERX Stock Forecast
Vertex stock forecast is as follows: an average price target of $34.33 (represents a -18.71% downside from VERX’s last price of $42.23) and a rating consensus of 'Hold', based on 5 wall street analysts offering a 1-year stock forecast.
VERX Price Target
The average price target for Vertex (VERX) is $34.33 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $38.00 to $28.00. This represents a potential -18.71% downside from VERX's last price of $42.23.
VERX Analyst Ratings
According to 5 Wall Street analysts, Vertex's rating consensus is 'Hold'. The analyst rating breakdown for VERX stock is 0 'Strong Buy' (0.00%), 2 'Buy' (40.00%), 3 'Hold' (60.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Vertex Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 09, 2024 | Daniel Jester | BMO Capital | $37.00 | $35.67 | 3.73% | -12.38% |
| Aug 07, 2024 | Steven Enders | Citigroup | $38.00 | $34.62 | 9.76% | -10.02% |
| Nov 10, 2023 | Daniel Jester | Loop Capital Markets | $28.00 | $27.12 | 3.24% | -33.70% |
The latest Vertex stock forecast, released on Aug 09, 2024 by Daniel Jester from BMO Capital, set a price target of $37.00, which represents a 3.73% increase from the stock price at the time of the forecast ($35.67), and a -12.38% decrease from VERX last price ($42.23).
Vertex Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 3 |
| Avg Price Target | - | $37.50 | $34.33 |
| Last Closing Price | $42.23 | $42.23 | $42.23 |
| Upside/Downside | -100.00% | -11.20% | -18.71% |
In the current month, the average price target of Vertex stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Vertex's last price of $42.23. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 09, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Aug 07, 2024 | Citigroup | Neutral | Neutral | Hold |
| Jul 31, 2024 | JMP Securities | Outperform | Outperform | Hold |
| Jul 23, 2024 | Needham | Buy | Buy | Hold |
| Jul 23, 2024 | Citigroup | Underperform | Underperform | Hold |
| Jun 28, 2024 | Citigroup | Neutral | Neutral | Hold |
| Jun 13, 2024 | JMP Securities | Underperform | Underperform | Hold |
| Jun 13, 2024 | Needham | Market Outperform | Market Outperform | Hold |
| May 09, 2024 | Needham | Market Outperform | Market Outperform | Hold |
| Apr 23, 2024 | Bank of America Securities | Neutral | Neutral | Hold |
Vertex's last stock rating was published by BMO Capital on Aug 09, 2024. The company gave VERX a "Market Perform" rating, the same as its previous rate.
Vertex Financial Forecast
Vertex Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $154.91M | $145.03M | $139.69M | $132.75M | $131.13M | $126.24M | $119.28M | $114.98M | $111.66M | $110.72M | $104.94M | $98.24M | $99.54M | $94.61M | $91.27M |
| Avg Forecast | $230.43M | $219.35M | $212.59M | $204.64M | $197.63M | $188.27M | $183.27M | $177.64M | $174.14M | $165.71M | $160.66M | $155.16M | $146.45M | $142.19M | $136.08M | $132.03M | $125.98M | $122.82M | $116.79M | $113.03M | $109.20M | $105.11M | $99.59M | $95.55M | $94.15M | $90.21M | $89.36M |
| High Forecast | $230.43M | $219.35M | $212.59M | $204.64M | $197.63M | $188.27M | $183.27M | $177.64M | $174.14M | $165.98M | $160.66M | $155.16M | $146.81M | $142.19M | $136.08M | $132.03M | $125.98M | $122.82M | $116.79M | $113.03M | $109.20M | $105.11M | $99.59M | $95.55M | $94.15M | $90.21M | $89.36M |
| Low Forecast | $230.43M | $219.35M | $212.59M | $204.64M | $197.63M | $188.27M | $183.27M | $177.64M | $174.14M | $165.58M | $160.66M | $155.16M | $146.08M | $142.19M | $136.08M | $132.03M | $125.98M | $122.82M | $116.79M | $113.03M | $109.20M | $105.11M | $99.59M | $95.55M | $94.15M | $90.21M | $89.36M |
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 3 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | 1.02% | 1.03% | 1.01% | 1.04% | 1.03% | 1.02% | 1.02% | 1.02% | 1.05% | 1.05% | 1.03% | 1.06% | 1.05% | 1.02% |
Vertex's average Quarter revenue forecast for Mar 24 based on 4 analysts is $155.16M, with a low forecast of $155.16M, and a high forecast of $155.16M. VERX's average Quarter revenue forecast represents a 0.16% increase compared to the company's last Quarter revenue of $154.91M (Dec 23).
Vertex EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 3 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $1.31M | $1.76M | $-194.00K | $8.01M | $-63.00K | $13.92M | $13.33M | $13.37M | $12.87M | $10.59M | $7.81M | $10.96M | $10.59M | $-41.76M | $-20.92M |
| Avg Forecast | $15.31M | $14.57M | $14.12M | $13.59M | $13.13M | $12.50M | $12.17M | $11.80M | $11.57M | $11.01M | $10.67M | $10.31M | $9.73M | $9.44M | $9.04M | $8.77M | $8.37M | $8.16M | $7.76M | $2.58M | $7.25M | $6.98M | $6.62M | $7.23M | $6.25M | $-23.53M | $5.94M |
| High Forecast | $15.31M | $14.57M | $14.12M | $13.59M | $13.13M | $12.50M | $12.17M | $11.80M | $11.57M | $11.02M | $10.67M | $10.31M | $9.75M | $9.44M | $9.04M | $8.77M | $8.37M | $8.16M | $7.76M | $3.10M | $7.25M | $6.98M | $6.62M | $8.68M | $6.25M | $-18.82M | $5.94M |
| Low Forecast | $15.31M | $14.57M | $14.12M | $13.59M | $13.13M | $12.50M | $12.17M | $11.80M | $11.57M | $11.00M | $10.67M | $10.31M | $9.70M | $9.44M | $9.04M | $8.77M | $8.37M | $8.16M | $7.76M | $2.06M | $7.25M | $6.98M | $6.62M | $5.79M | $6.25M | $-28.23M | $5.94M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.13% | 0.19% | -0.02% | 0.91% | -0.01% | 1.71% | 1.72% | 5.18% | 1.77% | 1.52% | 1.18% | 1.52% | 1.69% | 1.77% | -3.52% |
4 analysts predict VERX's average Quarter EBITDA for Mar 24 to be $10.31M, with a high of $10.31M and a low of $10.31M. This is 686.69% upper than Vertex's previous annual EBITDA (Dec 23) of $1.31M.
Vertex Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 3 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $15.33M | $-3.40M | $-6.90M | $-18.13M | $-5.31M | $-1.14M | $-5.52M | $-334.00K | $-627.00K | $-3.95M | $808.00K | $2.29M | $230.00K | $-21.03M | $-29.07M |
| Avg Forecast | $40.90M | $37.67M | $37.13M | $33.90M | $28.88M | $27.78M | $27.85M | $26.06M | $21.07M | $22.05M | $20.82M | $20.34M | $18.29M | $14.61M | $13.14M | $12.61M | $10.74M | $9.90M | $8.76M | $-250.50K | $8.30M | $8.07M | $7.96M | $1.51M | $11.93M | $-11.85M | $12.32M |
| High Forecast | $40.90M | $37.67M | $37.13M | $33.90M | $28.88M | $27.78M | $27.85M | $26.06M | $21.07M | $23.62M | $20.83M | $20.34M | $18.29M | $14.65M | $13.14M | $12.61M | $10.74M | $9.90M | $8.76M | $-200.40K | $8.30M | $8.07M | $7.96M | $1.81M | $11.93M | $-9.48M | $12.32M |
| Low Forecast | $40.90M | $37.67M | $37.13M | $33.90M | $28.88M | $27.78M | $27.85M | $26.06M | $21.07M | $17.32M | $20.82M | $20.34M | $16.62M | $14.57M | $13.14M | $12.61M | $10.74M | $9.90M | $8.76M | $-300.60K | $8.30M | $8.07M | $7.96M | $1.21M | $11.93M | $-14.22M | $12.32M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.84% | -0.23% | -0.52% | -1.44% | -0.49% | -0.12% | -0.63% | 1.33% | -0.08% | -0.49% | 0.10% | 1.52% | 0.02% | 1.77% | -2.36% |
Vertex's average Quarter net income forecast for Mar 24 is $20.34M, with a range of $20.34M to $20.34M. VERX's average Quarter net income forecast represents a 32.63% increase compared to the company's last Quarter net income of $15.33M (Dec 23).
Vertex SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 3 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $73.91M | $69.30M | $72.92M | $70.05M | $66.78M | $61.93M | $62.06M | $56.21M | $54.39M | $56.90M | $49.73M | $45.00M | $46.74M | $77.47M | $62.30M |
| Avg Forecast | $118.31M | $112.62M | $109.15M | $105.07M | $101.47M | $96.66M | $94.09M | $91.20M | $89.41M | $85.08M | $82.49M | $79.66M | $75.19M | $73.00M | $69.87M | $67.79M | $64.68M | $63.06M | $59.96M | $42.16M | $56.07M | $53.96M | $51.13M | $29.70M | $48.34M | $43.65M | $45.88M |
| High Forecast | $118.31M | $112.62M | $109.15M | $105.07M | $101.47M | $96.66M | $94.09M | $91.20M | $89.41M | $85.21M | $82.49M | $79.66M | $75.38M | $73.00M | $69.87M | $67.79M | $64.68M | $63.06M | $59.96M | $50.59M | $56.07M | $53.96M | $51.13M | $35.64M | $48.34M | $52.37M | $45.88M |
| Low Forecast | $118.31M | $112.62M | $109.15M | $105.07M | $101.47M | $96.66M | $94.09M | $91.20M | $89.41M | $85.01M | $82.49M | $79.66M | $75.00M | $73.00M | $69.87M | $67.79M | $64.68M | $63.06M | $59.96M | $33.73M | $56.07M | $53.96M | $51.13M | $23.76M | $48.34M | $34.92M | $45.88M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 0.95% | 1.04% | 1.03% | 1.03% | 0.98% | 1.03% | 1.33% | 0.97% | 1.05% | 0.97% | 1.52% | 0.97% | 1.77% | 1.36% |
Vertex's average Quarter SG&A projection for Mar 24 is $79.66M, based on 4 Wall Street analysts, with a range of $79.66M to $79.66M. The forecast indicates a 7.79% rise compared to VERX last annual SG&A of $73.91M (Dec 23).
Vertex EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 3 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $2.35 | $-0.06 | $-0.13 | $-0.12 | $-0.04 | $-0.01 | $-0.04 | $-0.00 | $-0.00 | $-0.03 | $0.01 | $0.02 | - | $-0.15 | $-0.20 |
| Avg Forecast | $0.25 | $0.23 | $0.23 | $0.21 | $0.18 | $0.17 | $0.17 | $0.16 | $0.13 | $0.14 | $0.13 | $0.13 | $0.11 | $0.09 | $0.08 | $0.08 | $0.07 | $0.06 | $0.05 | $0.07 | $0.05 | $0.05 | $0.05 | $0.05 | $0.07 | $0.08 | $0.08 |
| High Forecast | $0.25 | $0.23 | $0.23 | $0.21 | $0.18 | $0.17 | $0.17 | $0.16 | $0.13 | $0.15 | $0.13 | $0.13 | $0.11 | $0.09 | $0.08 | $0.08 | $0.07 | $0.06 | $0.05 | $0.07 | $0.05 | $0.05 | $0.05 | $0.05 | $0.07 | $0.08 | $0.08 |
| Low Forecast | $0.25 | $0.23 | $0.23 | $0.21 | $0.18 | $0.17 | $0.17 | $0.16 | $0.13 | $0.11 | $0.13 | $0.13 | $0.10 | $0.09 | $0.08 | $0.08 | $0.07 | $0.06 | $0.05 | $0.07 | $0.05 | $0.05 | $0.05 | $0.05 | $0.07 | $0.08 | $0.08 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 20.75% | -0.68% | -1.60% | -1.54% | -0.53% | -0.12% | -0.68% | -0.03% | -0.08% | -0.60% | 0.11% | 0.40% | 0.02% | -1.99% | -2.66% |
According to 4 Wall Street analysts, Vertex's projected average Quarter EPS for Mar 24 is $0.13, with a low estimate of $0.13 and a high estimate of $0.13. This represents a -94.64% decrease compared to VERX previous annual EPS of $2.35 (Dec 23).
Vertex Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| EXFY | Expensify | $1.84 | $13.75 | 647.28% | Buy |
| LAW | CS Disco | $5.95 | $24.14 | 305.71% | Hold |
| DV | DoubleVerify | $17.52 | $31.15 | 77.80% | Buy |
| PRO | PROS | $20.73 | $32.67 | 57.60% | Buy |
| CXM | Sprinklr | $7.60 | $10.79 | 41.97% | Buy |
| ALKT | Alkami | $36.53 | $45.67 | 25.02% | Buy |
| ENV | Envestnet | $62.79 | $67.86 | 8.07% | Hold |
| NCNO | nCino | $36.82 | $39.00 | 5.92% | Buy |
| CWAN | Clearwater Analytics | $26.31 | $26.33 | 0.08% | Buy |
| GWRE | Guidewire Software | $185.52 | $164.70 | -11.22% | Buy |
| MLNK | MeridianLink | $23.09 | $20.00 | -13.38% | Buy |
| VERX | Vertex | $42.23 | $34.33 | -18.71% | Hold |
VERX Forecast FAQ
Is Vertex a good buy?
No, according to 5 Wall Street analysts, Vertex (VERX) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 40.00% of VERX's total ratings.
What is VERX's price target?
Vertex (VERX) average price target is $34.33 with a range of $28 to $38, implying a -18.71% from its last price of $42.23. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Vertex stock go up soon?
According to Wall Street analysts' prediction for VERX stock, the company can go down by -18.71% (from the last price of $42.23 to the average price target of $34.33), down by -10.02% based on the highest stock price target, and down by -33.70% based on the lowest stock price target.
Can Vertex stock reach $60?
VERX's average twelve months analyst stock price target of $34.33 does not support the claim that Vertex can reach $60 in the near future.
What are Vertex's analysts' financial forecasts?
Vertex's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $746.81M (high $746.81M, low $746.81M), average EBITDA is $49.6M (high $49.6M, low $49.6M), average net income is $110.57M (high $110.57M, low $110.57M), average SG&A $383.43M (high $383.43M, low $383.43M), and average EPS is $0.685 (high $0.685, low $0.685). VERX's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $867.01M (high $867.01M, low $867.01M), average EBITDA is $57.59M (high $57.59M, low $57.59M), average net income is $149.6M (high $149.6M, low $149.6M), average SG&A $445.14M (high $445.14M, low $445.14M), and average EPS is $0.927 (high $0.927, low $0.927).
Did the VERX's actual financial results beat the analysts' financial forecasts?
Based on Vertex's last annual report (Dec 2023), the company's revenue was $572.39M, beating the average analysts forecast of $556.76M by 2.81%. Apple's EBITDA was $-2.308M, missing the average prediction of $36.98M by -106.24%. The company's net income was $-13.093M, missing the average estimation of $58.65M by -122.32%. Apple's SG&A was $286.17M, beating the average forecast of $285.85M by 0.11%. Lastly, the company's EPS was $2.77, beating the average prediction of $0.363 by 662.48%. In terms of the last quarterly report (Dec 2023), Vertex's revenue was $154.91M, beating the average analysts' forecast of $146.45M by 5.78%. The company's EBITDA was $1.31M, missing the average prediction of $9.73M by -86.53%. Vertex's net income was $15.33M, missing the average estimation of $18.29M by -16.15%. The company's SG&A was $73.91M, missing the average forecast of $75.19M by -1.71%. Lastly, the company's EPS was $2.35, beating the average prediction of $0.113 by 1974.51%