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Vertex (VERX) Stock Forecast, Price Target & Predictions

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VERX Stock Forecast

Vertex stock forecast is as follows: an average price target of $46.67 (represents a -10.78% downside from VERX’s last price of $52.31) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.

VERX Price Target

The average price target for Vertex (VERX) is $46.67 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $60.00 to $28.00. This represents a potential -10.78% downside from VERX's last price of $52.31.

VERX Analyst Ratings

Buy

According to 6 Wall Street analysts, Vertex's rating consensus is 'Buy'. The analyst rating breakdown for VERX stock is 0 'Strong Buy' (0.00%), 3 'Buy' (50.00%), 3 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Vertex Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 06, 2024Daniel JesterBMO Capital$52.00$49.764.50%-0.59%
Nov 06, 2024Brad RebackStifel Nicolaus$52.00$49.764.50%-0.59%
Nov 06, 2024Joshua ReillyNeedham$60.00$43.2438.76%14.70%
Nov 04, 2024Samad SamanaJefferies$50.00$42.2318.40%-4.42%
Aug 09, 2024Daniel JesterBMO Capital$37.00$35.673.73%-29.27%
Aug 07, 2024Steven EndersCitigroup$38.00$34.629.76%-27.36%
Nov 10, 2023Daniel JesterLoop Capital Markets$28.00$27.123.24%-46.47%
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The latest Vertex stock forecast, released on Nov 06, 2024 by Daniel Jester from BMO Capital, set a price target of $52.00, which represents a 4.50% increase from the stock price at the time of the forecast ($49.76), and a -0.59% decrease from VERX last price ($52.31).

Vertex Price Target by Period

1M3M12M
# Anlaysts446
Avg Price Target$53.50$53.50$48.17
Last Closing Price$52.31$52.31$52.31
Upside/Downside2.27%2.27%-7.91%

In the current month, the average price target of Vertex stock is $53.50, according to 4 Wall Street analysts offering twelve months forecast. The average price target represents a 2.27% increase as opposed to Vertex's last price of $52.31. This month's average price target is down 0.00% compared to last quarter, and up 11.06% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 04, 2024Jefferies-BuyUpgrade
Aug 09, 2024BMO CapitalMarket PerformMarket PerformHold
Aug 07, 2024CitigroupNeutralNeutralHold
Jul 31, 2024JMP SecuritiesOutperformOutperformHold
Jul 23, 2024NeedhamBuyBuyHold
Jul 23, 2024CitigroupUnderperformUnderperformHold
Jun 28, 2024CitigroupNeutralNeutralHold
Jun 13, 2024JMP SecuritiesUnderperformUnderperformHold
Jun 13, 2024NeedhamMarket OutperformMarket OutperformHold
May 09, 2024NeedhamMarket OutperformMarket OutperformHold
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Vertex's last stock rating was published by Jefferies on Nov 04, 2024. The company Upgrade its VERX rating from "null" to "Buy".

Vertex Financial Forecast

Vertex Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 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$231.18M$222.43M$212.54M$205.74M$201.56M$194.45M$185.92M$180.16M$176.89M$165.70M$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$233.61M$224.76M$214.77M$207.90M$203.67M$196.49M$187.87M$183.53M$177.16M$165.70M$160.66M$155.16M$146.81M$142.19M$137.51M$133.42M$127.30M$122.82M$116.79M$113.03M$109.20M$105.11M$99.59M$95.55M$94.15M$90.21M$89.36M
Low Forecast$229.30M$220.61M$210.81M$204.06M$199.91M$192.87M$184.41M$178.42M$176.56M$165.70M$160.66M$155.16M$146.08M$142.19M$134.97M$130.95M$124.95M$122.82M$116.79M$113.03M$109.20M$105.11M$99.59M$95.55M$94.15M$90.21M$89.36M
# Analysts334545278434756322223456633
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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts334545278434756322223456633
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$8.76M$8.43M$8.05M$7.79M$7.64M$7.37M$7.04M$6.83M$6.70M$6.28M$6.09M$5.88M$5.55M$5.39M$5.16M$5.00M$4.77M$8.16M$7.76M$2.58M$7.25M$6.98M$6.62M$7.23M$6.25M$-23.53M$5.94M
High Forecast$8.85M$8.51M$8.14M$7.88M$7.72M$7.44M$7.12M$6.95M$6.71M$6.28M$6.09M$5.88M$5.56M$5.39M$5.21M$5.05M$4.82M$8.16M$7.76M$3.10M$7.25M$6.98M$6.62M$8.68M$6.25M$-18.82M$5.94M
Low Forecast$8.69M$8.36M$7.99M$7.73M$7.57M$7.31M$6.99M$6.76M$6.69M$6.28M$6.09M$5.88M$5.53M$5.39M$5.11M$4.96M$4.73M$8.16M$7.76M$2.06M$7.25M$6.98M$6.62M$5.79M$6.25M$-28.23M$5.94M
Surprise %------------0.24%0.33%-0.04%1.60%-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 $5.88M, with a high of $5.88M and a low of $5.88M. This is 348.70% upper than Vertex's previous annual EBITDA (Dec 23) of $1.31M.

Vertex Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts334545278434756322223456633
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$35.38M$32.35M$30.62M$28.60M$26.64M$25.70M$24.35M$22.73M$19.62M$19.72M$18.63M$18.19M$16.36M$13.07M$11.75M$11.28M$9.60M$9.90M$8.76M$-250.50K$8.30M$8.07M$7.96M$1.51M$11.93M$-11.85M$12.32M
High Forecast$35.87M$32.79M$31.03M$28.99M$27.00M$26.05M$24.68M$25.40M$21.02M$19.98M$18.63M$18.20M$16.58M$13.11M$11.91M$11.44M$9.73M$9.90M$8.76M$-200.40K$8.30M$8.07M$7.96M$1.81M$11.93M$-9.48M$12.32M
Low Forecast$35.01M$32.01M$30.29M$28.29M$26.35M$25.42M$24.09M$18.72M$16.81M$19.46M$18.63M$18.19M$14.87M$13.03M$11.63M$11.17M$9.50M$9.90M$8.76M$-300.60K$8.30M$8.07M$7.96M$1.21M$11.93M$-14.22M$12.32M
Surprise %------------0.94%-0.26%-0.59%-1.61%-0.55%-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 $18.19M, with a range of $18.19M to $18.20M. VERX's average Quarter net income forecast represents a 18.65% increase compared to the company's last Quarter net income of $15.33M (Dec 23).

Vertex SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts334545278434756322223456633
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$119.40M$114.88M$109.78M$106.26M$104.10M$100.43M$96.03M$93.05M$91.36M$85.58M$82.98M$80.14M$75.64M$73.44M$70.28M$68.19M$65.07M$63.06M$59.96M$42.16M$56.07M$53.96M$51.13M$29.70M$48.34M$43.65M$45.88M
High Forecast$120.66M$116.09M$110.93M$107.38M$105.19M$101.49M$97.03M$94.79M$91.50M$85.58M$82.98M$80.14M$75.83M$73.44M$71.02M$68.91M$65.75M$63.06M$59.96M$50.59M$56.07M$53.96M$51.13M$35.64M$48.34M$52.37M$45.88M
Low Forecast$118.43M$113.94M$108.88M$105.40M$103.25M$99.61M$95.24M$92.15M$91.19M$85.58M$82.98M$80.14M$75.45M$73.44M$69.71M$67.64M$64.53M$63.06M$59.96M$33.73M$56.07M$53.96M$51.13M$23.76M$48.34M$34.92M$45.88M
Surprise %------------0.98%0.94%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 $80.14M, based on 4 Wall Street analysts, with a range of $80.14M to $80.14M. The forecast indicates a 8.43% rise compared to VERX last annual SG&A of $73.91M (Dec 23).

Vertex EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts334545278434756322223456633
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$0.24$0.22$0.21$0.20$0.18$0.18$0.17$0.16$0.14$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$0.21$0.20$0.19$0.18$0.17$0.18$0.15$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
Low Forecast$0.24$0.22$0.21$0.20$0.18$0.18$0.17$0.13$0.12$0.13$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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
EXFYExpensify$3.07$13.75347.88%Buy
LAWCS Disco$5.44$24.14343.75%Hold
DVDoubleVerify$19.33$30.6458.51%Buy
PROPROS$22.52$32.6745.07%Buy
CXMSprinklr$7.82$10.7937.98%Buy
ALKTAlkami$37.75$45.6720.98%Buy
ENVEnvestnet$63.09$67.867.56%Hold
MLNKMeridianLink$22.06$22.753.13%Buy
NCNOnCino$40.08$39.00-2.69%Buy
CWANClearwater Analytics$30.90$28.50-7.77%Buy
VERXVertex$52.31$46.67-10.78%Buy
GWREGuidewire Software$197.23$164.70-16.49%Buy

VERX Forecast FAQ

Is Vertex a good buy?

Yes, according to 6 Wall Street analysts, Vertex (VERX) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 50.00% of VERX's total ratings.

What is VERX's price target?

Vertex (VERX) average price target is $46.67 with a range of $28 to $60, implying a -10.78% from its last price of $52.31. The data is based on 6 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 -10.78% (from the last price of $52.31 to the average price target of $46.67), up by 14.70% based on the highest stock price target, and down by -46.47% based on the lowest stock price target.

Can Vertex stock reach $80?

VERX's average twelve months analyst stock price target of $46.67 does not support the claim that Vertex can reach $80 in the near future.

What is Vertex's current price target trend?

4 Wall Street analysts forecast a $53.5 price target for Vertex (VERX) this month, up 2.27% from its last price of $52.31. Compared to the last 3 and 12 months, the average price target increased by 2.27% and decreased by -7.91%, respectively.

What are Vertex's analysts' financial forecasts?

Vertex's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $762.09M (high $771.57M, low $755.6M), average EBITDA is $28.87M (high $29.23M, low $28.63M), average net income is $99.41M (high $103.13M, low $94.59M), average SG&A $393.61M (high $398.51M, low $390.26M), and average EPS is $0.688 (high $0.714, low $0.655). VERX's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $871.89M (high $881.04M, low $864.78M), average EBITDA is $33.03M (high $33.38M, low $32.76M), average net income is $126.95M (high $128.68M, low $125.6M), average SG&A $450.32M (high $455.05M, low $446.65M), and average EPS is $0.879 (high $0.891, low $0.87).

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 $21.09M by -110.94%. The company's net income was $-13.093M, missing the average estimation of $52.47M by -124.96%. Apple's SG&A was $286.17M, missing the average forecast of $287.56M by -0.48%. 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 $5.55M by -76.39%. Vertex's net income was $15.33M, missing the average estimation of $16.36M by -6.27%. The company's SG&A was $73.91M, missing the average forecast of $75.64M by -2.30%. Lastly, the company's EPS was $2.35, beating the average prediction of $0.113 by 1974.51%