Vertex (VERX) Stock Forecast, Price Target & Predictions
VERX Stock Forecast
Vertex stock forecast is as follows: an average price target of $50.40 (represents a -5.02% downside from VERX’s last price of $53.06) 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 $50.40 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 $38.00. This represents a potential -5.02% downside from VERX's last price of $53.06.
VERX Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 06, 2024 | Daniel Jester | BMO Capital | $52.00 | $49.76 | 4.50% | -2.01% |
| Nov 06, 2024 | Brad Reback | Stifel Nicolaus | $52.00 | $49.76 | 4.50% | -2.01% |
| Nov 06, 2024 | Joshua Reilly | Needham | $60.00 | $43.24 | 38.76% | 13.07% |
| Nov 04, 2024 | Samad Samana | Jefferies | $50.00 | $42.23 | 18.40% | -5.78% |
| Aug 09, 2024 | Daniel Jester | BMO Capital | $37.00 | $35.67 | 3.73% | -30.27% |
| Aug 07, 2024 | Steven Enders | Citigroup | $38.00 | $34.62 | 9.76% | -28.39% |
| Nov 10, 2023 | Daniel Jester | Loop Capital Markets | $28.00 | $27.12 | 3.24% | -47.23% |
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 -2.01% decrease from VERX last price ($53.06).
Vertex Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 4 | 6 |
| Avg Price Target | - | $53.50 | $48.17 |
| Last Closing Price | $53.06 | $53.06 | $53.06 |
| Upside/Downside | -100.00% | 0.82% | -9.22% |
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 $53.06. 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 |
|---|---|---|---|---|
| Nov 04, 2024 | Jefferies | Buy | Upgrade | |
| 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 |
| Mar 01, 2024 | Needham | Market Perform | Market Perform | Hold |
| Nov 10, 2023 | BMO Capital | Perform | Perform | Hold |
| Nov 10, 2023 | Needham | Buy | Buy | Hold |
| Mar 09, 2023 | BMO Capital | Market Perform | Market Perform | Hold |
| Mar 09, 2023 | Bank of America Securities | Neutral | Upgrade |
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 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 | $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 | $234.29M | $225.42M | $215.40M | $208.50M | $204.27M | $197.07M | $188.42M | $183.53M | $177.16M | $165.70M | $160.66M | $155.16M | $146.81M | $142.19M | $137.91M | $133.80M | $127.67M | $122.82M | $116.79M | $113.03M | $109.20M | $105.11M | $99.59M | $95.55M | $94.15M | $90.21M | $89.36M |
| Low Forecast | $228.82M | $220.15M | $210.37M | $203.64M | $199.50M | $192.46M | $184.02M | $178.42M | $176.56M | $165.70M | $160.66M | $155.16M | $146.08M | $142.19M | $134.69M | $130.68M | $124.69M | $122.82M | $116.79M | $113.03M | $109.20M | $105.11M | $99.59M | $95.55M | $94.15M | $90.21M | $89.36M |
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 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 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 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 | $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 | $8.88M | $8.54M | $8.16M | $7.90M | $7.74M | $7.47M | $7.14M | $6.95M | $6.71M | $6.28M | $6.09M | $5.88M | $5.56M | $5.39M | $5.22M | $5.07M | $4.84M | $8.16M | $7.76M | $3.10M | $7.25M | $6.98M | $6.62M | $8.68M | $6.25M | $-18.82M | $5.94M |
| Low Forecast | $8.67M | $8.34M | $7.97M | $7.71M | $7.56M | $7.29M | $6.97M | $6.76M | $6.69M | $6.28M | $6.09M | $5.88M | $5.53M | $5.39M | $5.10M | $4.95M | $4.72M | $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 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 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 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 | $36.10M | $32.93M | $31.19M | $29.17M | $26.94M | $25.94M | $24.42M | $23.02M | $19.91M | $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 | $36.74M | $33.50M | $31.74M | $29.68M | $27.42M | $26.39M | $24.85M | $25.73M | $21.33M | $19.98M | $18.63M | $18.20M | $16.65M | $13.11M | $11.96M | $11.48M | $9.77M | $9.90M | $8.76M | $-200.40K | $8.30M | $8.07M | $7.96M | $1.81M | $11.93M | $-9.48M | $12.32M |
| Low Forecast | $35.62M | $32.49M | $30.78M | $28.78M | $26.59M | $25.59M | $24.10M | $18.96M | $17.07M | $19.46M | $18.63M | $18.19M | $14.87M | $13.03M | $11.59M | $11.13M | $9.48M | $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 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 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 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 | $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 | $121.01M | $116.42M | $111.25M | $107.69M | $105.50M | $101.78M | $97.32M | $94.79M | $91.50M | $85.58M | $82.98M | $80.14M | $75.83M | $73.44M | $71.23M | $69.11M | $65.94M | $63.06M | $59.96M | $50.59M | $56.07M | $53.96M | $51.13M | $35.64M | $48.34M | $52.37M | $45.88M |
| Low Forecast | $118.18M | $113.71M | $108.65M | $105.18M | $103.04M | $99.41M | $95.04M | $92.15M | $91.19M | $85.58M | $82.98M | $80.14M | $75.45M | $73.44M | $69.56M | $67.50M | $64.40M | $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 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 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 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 | $0.22 | $0.20 | $0.19 | $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 | $0.22 | $0.21 | $0.19 | $0.18 | $0.17 | $0.18 | $0.15 | $0.14 | $0.13 | $0.13 | $0.12 | $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 | $0.22 | $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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| PRO | PROS | $23.97 | $32.00 | 33.50% | Buy |
| DV | DoubleVerify | $19.95 | $25.44 | 27.52% | Buy |
| NCNO | nCino | $35.40 | $41.50 | 17.23% | Buy |
| ALKT | Alkami | $39.10 | $45.67 | 16.80% | Buy |
| CWAN | Clearwater Analytics | $29.55 | $31.33 | 6.02% | Buy |
| GWRE | Guidewire Software | $172.49 | $180.57 | 4.68% | Buy |
| CXM | Sprinklr | $9.30 | $9.60 | 3.23% | Buy |
| MLNK | MeridianLink | $22.18 | $22.75 | 2.57% | Buy |
| LAW | CS Disco | $5.90 | $6.00 | 1.69% | Hold |
| VERX | Vertex | $53.46 | $50.40 | -5.72% | Buy |
| EXFY | Expensify | $3.86 | $2.50 | -35.23% | Buy |