TD Cowen Reiterates Buy Rating on Vertex, Inc. (VERX)
TD Cowen has reaffirmed its buy rating on Vertex, Inc. with a $14 price target, a 21.95% upside from the current price.
Key Points
- TD Cowen reiterated its buy rating on Vertex, Inc. (VERX) with a price target of $14 on June 29, 2026.
- TD Cowen's $14 price target implies 21.95% upside from Vertex, Inc.'s ($VERX) current $11.48 share price.
- Shares of Vertex traded near $11.40 on Wednesday, with a market cap of $1.86 billion and a forward P/E ratio of 11.05.
- Insider transactions on June 10, 2026, involved multiple insiders buying 15,638 shares each at no cost.
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TD Cowen has reaffirmed its buy rating on Vertex, Inc. (NasdaqGM: VERX) with a price target set at $14. This update was announced on June 29, 2026. Shares of Vertex were trading at approximately $11.40 on Wednesday.
TD Cowen vs. the S&P 500
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Vertex, Inc. Stock Down 19.3%
Shares of Vertex, Inc. traded near $11.40 on Wednesday. The company, which operates in the technology sector, has a market cap of about $1.86 billion. Vertex's forward P/E ratio is approximately 11.05, and it has a beta of 0.801, indicating lower volatility compared to the market. Over the past year, the stock has ranged from a low of $10.21 to a high of $36.75. The company's 50-day moving average is $12.67, and the 200-day moving average is $17.23. It has a current ratio of 0.862 and a quick ratio of 0.726, with a debt-to-equity ratio of 142.044.
$VERX price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Vertex, Inc.
On June 10, 2026, several insiders at Vertex, Inc. made significant stock purchases. Mark Mendola, Amanda Westphal Radcliffe, Philip Seth Saunders, Bradley Gayton, John Richard Stamm, and Stefanie Westphal Thompson each acquired 15,638 shares. These transactions did not involve any purchase price, indicating they could be part of a compensation package or stock grant.
Analysts Set New Price Targets
On June 29, 2026, TD Cowen reiterated its buy rating for Vertex, Inc. with a price target of $14. In addition to TD Cowen's update, Citigroup maintained its hold rating with a $16 target on May 8, 2026, while Piper Sandler also maintained a hold with the same target on May 7, 2026. The consensus among analysts is a buy rating, with an average price target of $18.21 based on 14 opinions.
About Vertex, Inc.
Vertex, Inc. develops tax technology solutions for various industries, including retail, wholesale, and manufacturing. The company provides services like transaction determination, compliance, reporting, and tax data management. It offers both software licenses and software as a service (SaaS) subscriptions. Founded in 1978, Vertex is headquartered in King of Prussia, Pennsylvania, and employs around 2,100 people. Its CEO is Christopher David Young.
Bottom Line
TD Cowen's reiteration of a buy rating on Vertex, Inc., with a $14 price target, highlights ongoing confidence in the company's potential. With shares trading near $11.40, Vertex's market position in the tax technology sector remains a point of interest for investors. As always, it's important to remember that analyst ratings are a snapshot of sentiment at a particular time and may not reflect future performance.
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