Vertex (NASDAQ:VERX) Stock Price Target Raised at Piper Sandler

Vertex (NASDAQ:VERX) had its price target increased by investment analysts at Piper Sandler from $16.00 to $20.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler‘s price target indicates a potential upside of 25.63% from the company’s previous close.

Several other equities research analysts have also recently issued reports on VERX. Weiss Ratings raised Vertex from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, October 23rd. BMO Capital Markets boosted their price objective on shares of Vertex from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Tuesday, August 4th. Morgan Stanley cut shares of Vertex from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $19.00 to $15.00 in a research note on Tuesday, July 21st. Robert W. Baird decreased their price target on Vertex from $19.00 to $17.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 4th. Finally, TD Cowen lowered their price target on shares of Vertex from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Vertex presently has a consensus rating of “Hold” and an average target price of $18.50.

Vertex Stock Performance

Shares of NASDAQ VERX opened at $15.92 on Thursday. The company’s fifty day moving average price is $13.28 and its 200 day moving average price is $13.30. The company has a market capitalization of $2.58 billion, a PE ratio of 796.40 and a beta of 0.77. Vertex has a 1 year low of $10.21 and a 1 year high of $20.85. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.87 and a current ratio of 0.87.

Vertex (NASDAQ:VERX) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.22 by $0.04. The company had revenue of $213.28 million during the quarter, compared to analyst estimates of $209.72 million. Vertex had a net margin of 0.45% and a return on equity of 29.00%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 EPS. On average, research analysts predict that Vertex will post 0.58 earnings per share for the current year.

Hedge Funds Weigh In On Vertex

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VERX. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Vertex during the 1st quarter worth $37,796,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Vertex by 1,906.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 935,668 shares of the company’s stock valued at $11,125,000 after purchasing an additional 889,042 shares in the last quarter. North Star Asset Management Inc. acquired a new stake in shares of Vertex during the 2nd quarter worth about $2,899,000. Allianz Asset Management GmbH bought a new position in Vertex during the 2nd quarter valued at about $2,182,000. Finally, Corient Private Wealth LP bought a new position in Vertex during the 2nd quarter valued at about $1,766,000. Institutional investors own 70.32% of the company’s stock.

Key Headlines Impacting Vertex

Here are the key news stories impacting Vertex this week:

• Positive Sentiment: Needham & Company raised its price target on Vertex from $20 to $30 and reiterated a “buy” rating. The new target implies 88.4% upside from the $15.92 reference price in the report. Needham analyst recommendations
• Positive Sentiment: Vertex reported third-quarter EPS of $0.26, above the $0.22 consensus, and revenue of $213.28 million, ahead of estimates of $209.72 million. Revenue grew 11% year over year, while EPS increased from $0.17 a year earlier. The company also provided guidance. Vertex third-quarter 2026 results
• Neutral Sentiment: One earnings review noted that a tax charge weighed on the reported quarter despite stronger adjusted performance; the supplied coverage did not specify the charge’s size or provide details of the company’s guidance. Vertex Q3 2026 earnings analysis

Vertex Company Profile

Vertex, Inc is a tax technology company that provides software and services to help businesses manage tax determination, compliance and reporting. Its solutions are designed to support complex transaction tax requirements across sales and use tax, value-added tax, goods and services tax, communications tax, and other indirect taxes.

The company’s offerings include cloud-based and enterprise tax software, tax calculation engines, compliance and returns management tools, tax data management, and related professional services.