Several brokerages have updated their recommendations and price targets on shares of Vertex (NASDAQ: VERX) in the last few weeks:
- 5/9/2026 – Vertex was given a new $14.00 price target by Jefferies Financial Group Inc..
- 5/8/2026 – Vertex had its “overweight” rating reaffirmed by Morgan Stanley. They now have a $19.00 price target on the stock.
- 5/8/2026 – Vertex was given a new $15.00 price target by DA Davidson.
- 5/8/2026 – Vertex had its price target raised by Citigroup Inc. from $15.00 to $16.00. They now have a “neutral” rating on the stock.
- 5/8/2026 – Vertex had its price target raised by BMO Capital Markets from $14.00 to $17.00. They now have an “outperform” rating on the stock.
- 5/7/2026 – Vertex had its “buy” rating reaffirmed by The Goldman Sachs Group, Inc.. They now have a $21.00 price target on the stock.
- 5/7/2026 – Vertex had its price target raised by Piper Sandler from $14.00 to $16.00. They now have a “neutral” rating on the stock.
- 4/30/2026 – Vertex was given a new $18.00 price target by Morgan Stanley.
- 4/20/2026 – Vertex had its “sell (d)” rating reaffirmed by Weiss Ratings.
Insiders Place Their Bets
In other news, insider Jeffrey Westphal acquired 150,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was acquired at an average cost of $12.53 per share, for a total transaction of $1,879,500.00. Following the acquisition, the insider directly owned 397,740 shares in the company, valued at approximately $4,983,682.20. This represents a 60.55% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Eric C. Andersen purchased 40,000 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was bought at an average price of $12.91 per share, with a total value of $516,400.00. Following the completion of the acquisition, the director owned 150,341 shares in the company, valued at $1,940,902.31. This represents a 36.25% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 437,740 shares of company stock valued at $5,636,339. Insiders own 43.25% of the company’s stock.
Headquartered in Houston, Texas, Vertex operates a network of refining and blending facilities in key regions, including the Central, Northeast and Mid-Atlantic markets.
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