Berenberg Bank analyst Andrew Degasperi maintained a Buy rating on Vertex (NASDAQ:VRTX) on Tuesday, setting a price target of $27, which is approximately 43.01% above the present share price of $18.88.
Degasperi expects Vertex to post earnings per share (EPS) of -$0.03 for the fourth quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Vertex, with an average price target of $56.83.
The analysts price targets range from a high of $202 to a low of $20.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $110.72 million and a net profit of -$3.61 million. The company's market cap is $2.81 billion.
According to TipRanks.com, Berenberg Bank analyst Andrew Degasperi is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 22.5% and a 65.91% success rate.
Vertex Inc is a provider of tax technology and services. It enables companies to realize the full strategic potential of the tax function by automating and integrating tax processes while leveraging advanced and predictive analytics of tax data. Vertex provides cloud-based and on-premise solutions to specific industries for every line of tax, including income, sales, and consumer use, value-added, and payroll. The company offers solutions such as tax determination, data management, document management, and compliance and reporting among others.