On Nov 07, major Wall Street analysts update their ratings for $Vertex (VERX.US)$, with price targets ranging from $52 to $61.
Jefferies analyst Samad Samana maintains with a buy rating, and adjusts the target price from $50 to $60.
BMO Capital analyst Daniel Jester maintains with a hold rating, and adjusts the target price from $37 to $52.
Baird analyst Robert Oliver maintains with a buy rating, and adjusts the target price from $43 to $57.
Needham analyst Joshua Reilly maintains with a buy rating, and adjusts the target price from $45 to $60.
Stifel analyst Brad Reback maintains with a buy rating, and adjusts the target price from $41 to $52.
Furthermore, according to the comprehensive report, the opinions of $Vertex (VERX.US)$'s main analysts recently are as follows:
The company reported a robust quarter with a revenue and profit surpassing expectations, coupled with an elevated full-year guidance. Even considering the recent ecosio acquisition, the projection for 2024 revenue was increased.
The company demonstrated substantial outperformance in Subscription revenue and EBITDA. Management emphasized a number of significant achievements and reiterated that Vertex is just beginning to reap the benefits from a significant ERP refresh cycle. The positive outcomes are reflected in Vertex's share performance, which has the potential to progressively increase further.
Here are the latest investment ratings and price targets for $Vertex (VERX.US)$ from 8 analysts:
Note:
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