A Glimpse Into The Expert Outlook On Vertex Pharmaceuticals Through 16 Analysts
Portfolio Pulse from Benzinga Insights
16 analysts have recently provided ratings on Vertex Pharmaceuticals (NASDAQ:VRTX), with an average 12-month price target of $383.0, a high of $415.00, and a low of $347.00. The current average price target represents a 3.42% increase from the previous average of $370.33. Analysts' actions include maintaining, raising, and lowering ratings and price targets, reflecting their views on the company's performance. Vertex Pharmaceuticals is a biotech company with a focus on cystic fibrosis drugs and a diversifying pipeline. Financially, Vertex has a market cap above industry average, a revenue growth rate of 6.39%, a net margin of 41.69%, an ROE of 6.47%, an ROA of 4.92%, and a low debt-to-equity ratio of 0.05.
January 09, 2024 | 8:01 pm
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Vertex Pharmaceuticals has received a mix of ratings from analysts, with an updated average 12-month price target of $383. The company's strong financial performance and growth in the biotech sector may positively influence its stock price.
The increase in the average price target and predominantly bullish ratings from analysts suggest a positive outlook for Vertex Pharmaceuticals. The company's solid financial metrics and growth in the biotech sector are likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100