Ultime notizie per Vertex (NASDAQ:VERX) Azioni

Vertex

Vertex Inc is a provider of tax technology and services. Its software, content, and services help customers stay in compliance with indirect taxes that occur in taxing jurisdictions all over the world. Vertex provides cloud-based and on-premise solutions to specific industries for every line of tax, including income, sales, consumer use, value-added, and payroll. The company offers solutions such as tax determination, Tax Data Management, document management, and compliance and reporting among others. The company derives revenue from software subscriptions.

Vertex Inc

News

Politics

General

2024 Presidential Election Polls Close In The Following States: GA, IN, KY, SC, VA, VT

Seaport Global analyst Tom Curran initiates coverage on First Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) with a Neutral rating.

Initiation

Analyst Ratings

FSLR

Seaport Global Initiates Coverage On First Solar with Neutral Rating

Scotiabank analyst Greg Harrison maintains Vertex Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>) with a Sector Perform and raises the price target from $480 to $486.

Price Target

VRTX

Scotiabank Maintains Sector Perform on Vertex Pharmaceuticals, Raises Price Target to $486

Scotiabank analyst Greg Harrison maintains Disc Medicine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRON#NASDAQ">IRON</a>) with a Sector Outperform and raises the price target from $62 to $70.

IRON

Scotiabank Maintains Sector Outperform on Disc Medicine, Raises Price Target to $70

Scotiabank analyst Mario Saric maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Sector Outperform and raises the price target from $55.5 to $59.5.

Scotiabank Maintains Sector Outperform on Brookfield Asset Mgmt, Raises Price Target to $59.5

Scotiabank analyst Andres Coello maintains TIM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIMB#NYSE">TIMB</a>) with a Sector Outperform and lowers the price target from $24.8 to $23.2.

TIMB

Scotiabank Maintains Sector Outperform on TIM, Lowers Price Target to $23.2

Scotiabank analyst Maher Yaghi maintains BCE (TSX:<a class="ticker" href="https://www.benzinga.com/stock/BCE#TSX">BCE</a>) with a Sector Perform and lowers the price target from C$50.5 to C$47.5.

TSX:BCE

Scotiabank Maintains Sector Perform on BCE, Lowers Price Target to C$47.5

Citigroup analyst Christopher Danely maintains GLOBALFOUNDRIES (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>) with a Neutral and lowers the price target from $45 to $40.

Citigroup Maintains Neutral on GLOBALFOUNDRIES, Lowers Price Target to $40

NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) passed Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) to become the world's largest publicly traded <a href="https://www.benzinga.com/news/24/11/41751557/nvidia-takes-short-lived-lead-over-apple-in-valuation">company on Tuesday. </a>
The Details: Nvidia ended Tuesday's trading session with a market capitalization of $3.43 trillion, slightly <a href="https://www.benzinga.com/news/24/11/41751557/nvidia-takes-short-lived-lead-over-apple-in-valuation">edging out </a>Apple&#8217;s $3.38 trillion valuation, according to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>. The semiconductor giant's dominance in the artificial intelligence chip market has fueled its exponential growth of more than 200% over the past year.&nbsp;
Read More: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/11/41724410/nvidia-joining-dow-jones-industrial-average-where-tech-giant-ranks-in-the-index-why-sh">Nvidia Joining Dow Jones Industrial Average: Where Tech Giant Ranks In The Index, Why Sherwin-Williams Addition Could Be More Important</a>
Nvidia briefly passed Apple <a href="https://www.benzinga.com/news/24/06/39386946/microsoft-apple-step-aside-nvidia-is-now-the-most-valuable-public-company-in-the-world">in market cap </a>in June before sliding over the summer.<a href="https://www.cnbc.com/quotes/MSFT/"> </a>Nvidia&#8217;s ascent to the top highlights the growing importance of AI technology and the pivotal role that Nvidia's specialized hardware plays in its development.&nbsp;
Despite Nvidia's remarkable growth over the past year, analysts remain bullish on the company's growth ahead. The three most recent analyst ratings were released by BofA Securities, Goldman Sachs and Morgan Stanley in October with an average price target of $163.33 between the three. There&#8217;s an implied 17.04% upside for Nvidia stock from these analyst ratings.
Last Friday, S&amp;P Dow Jones announced that Nvidia <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/11/41724410/nvidia-joining-dow-jones-industrial-average-where-tech-giant-ranks-in-the-index-why-sh">is joining the Dow Jones Industrial Average on Nov. 8 </a>replacing Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and joining Apple in the blue-chip index. 
NVDA Price Action: According to data from Benzinga Pro, Nvidia shares ended Tuesday's session 2.84% higher at $139.91.&nbsp;
Read Also:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41690154/shock-october-jobs-report-leaves-fed-in-tight-spot-experts-say-interest-rate-cuts-a">Shock October Jobs Report Leaves Fed In &#8216;Tight Spot:&#8217; Experts Say Interest Rate Cuts Ahead</a></li>
</ul>
Image: Shutterstock

Large Cap

Movers

Tech

AAPL

INTC

NVDA

Nvidia Blows Past Apple To Become World's Most Valuable Company

Lake Street analyst Mark Argento maintains Gaia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GAIA#NASDAQ">GAIA</a>) with a Buy and raises the price target from $6 to $7.

GAIA

Lake Street Maintains Buy on Gaia, Raises Price Target to $7

Lake Street analyst Thomas Flaten maintains Castle Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTL#NASDAQ">CSTL</a>) with a Buy and raises the price target from $34 to $40.

CSTL

Lake Street Maintains Buy on Castle Biosciences, Raises Price Target to $40

Lake Street analyst Jaeson Schmidt maintains NAPCO Security Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSSC#NASDAQ">NSSC</a>) with a Buy and lowers the price target from $60 to $41.

NSSC

Lake Street Maintains Buy on NAPCO Security Techs, Lowers Price Target to $41

Gulf Island Fabrication (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GIFI#NASDAQ">GIFI</a>) .

Guidance

GIFI

Gulf Island Fabrication expect FY2024 adjusted consolidated EBITDA of $11M-$13M.

Lake Street analyst Eric Martinuzzi maintains QuinStreet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QNST#NASDAQ">QNST</a>) with a Hold and raises the price target from $20 to $25.

QNST

Lake Street Maintains Hold on QuinStreet, Raises Price Target to $25

Syndax Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDX#NASDAQ">SNDX</a>) .

SNDX

Syndax Pharmaceuticals FY2024 R&D expenses forecast: $245M-$250M.

Loop Capital analyst Rob Sanderson maintains Snap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) with a Buy and raises the price target from $14 to $16.

SNAP

Loop Capital Maintains Buy on Snap, Raises Price Target to $16

Gulfport Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPOR#NYSE">GPOR</a>) .

GPOR

Gulfport Energy Full Year 2024: Drilling and completion capex guidance cut to $325M-$335M.

Loop Capital analyst Garik Shmois maintains Knife River Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNF#NYSE">KNF</a>) with a Buy and lowers the price target from $105 to $100.

Loop Capital Maintains Buy on Knife River Holding, Lowers Price Target to $100

Barclays analyst Blayne Curtis maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Overweight and lowers the price target from $330 to $280.

NXPI

Barclays Maintains Overweight on NXP Semiconductors, Lowers Price Target to $280

It's Election day! Voters are visiting polling locations and social media mavens are sharing opinions and local reports in megathreads, polls and comments on Reddit Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>).
Here are some notable threads to follow for election <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41631795/reddit-remains-a-favorite-for-wall-street-after-emphatic-beat-and-raise-in-q3">coverage on Reddit.&nbsp;</a>
Polls Open: Subreddit r/politics has over 8.5 million subscribers and features a <a href="https://www.reddit.com/r/politics/comments/1gkefi6/rpolitics_2024_us_elections_live_thread_part_59/">live thread</a> with 59 parts titled, "2024 US Elections Live Thread, Part 59" which contains more than 3,200 comments, voter turnout reports from different locations and live commentary on election developments.&nbsp;
Subreddit r/moderatepolitics has 295,000 members and a <a href="https://www.reddit.com/r/moderatepolitics/">poll titled</a> "Who are you voting for in the 2024 US Presidential Election." At the time of publication, 2,100 Redditors selected Harris, 1,300 selected Trump, 301 selected Other and 842 responded with Not Voting.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/earnings/24/10/41612293/reddit-stock-soars-after-strong-q3-results-q4-guidance-above-estimates-dauqs-grow-17-and-more">Reddit Stock Soars After Strong Q3 Results, Q4 Guidance Above Estimates: DAUq&#8217;s Grow 17% And More</a>
Reddit also features local subreddits like r/Pennsylvania, which has <a href="https://www.reddit.com/r/Pennsylvania/comments/1gjutyd/the_election_day_mega_thread/">a thread</a> titled, "The Election Day Mega Thread" where users can find coverage of the crucial swing state and voting guides and polling locations. The thread also provides local polling updates and news with first-hand accounts from voters across the state.&nbsp;
Where To Find Results: FiveThirtyEight, the data journalism outlet, will feature county-by-county data breakdowns as the polling results come in at its r/fivethirtyeight <a href="https://www.reddit.com/r/fivethirtyeight/">subreddit</a>. It also features discussions about polling accuracy and several live election megathreads.&nbsp;&nbsp;
The r/Journalism <a href="https://www.reddit.com/r/Journalism/">subreddit</a> will provide authoritative sources for results, including updates from the Associated Press and major networks, as well as discussions about result reporting methodology.&nbsp;
Reddit&#8217;s election coverage offers a blend of real-time updates and community engagement across various specialized subreddits, though most users recommend keeping multiple sources open for the most complete picture.&nbsp;
RDDT Price Action: According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Reddit shares ended Tuesday&#8217;s session 12.42% higher at $122.57.
Read Also:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/11/41685913/jpmorgan-to-pay-investors-151-million-after-sec-flags-various-law-violations">JPMorgan To Pay Investors $151 Million After SEC Flags &#8216;Various Law Violations&#8217;</a></li>
</ul>
Photo: Shutterstock

Social Media

RDDT

Redditors Track Election Night: Must-Watch Threads For Trump Vs. Harris Showdown, Other Races

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Markets have yet to <a href="https://www.nbcnews.com/business/markets/stocks-close-higher-clawing-back-much-weeks-losses-major-recovery-mond-rcna166039">recover</a> from the sudden dip they experienced at the start of the month, revealing how poor economic data can spook investors and impact stocks. The drop and rather slow recovery suggest <a href="https://theubj.com/business/stocks-decline-again-as-traders-remain-nervous-amid-ongoing-volatility/">investors remain cautious</a> and may consider which stocks to sell now ahead of a potential trend resumption.



The substantial rise in the stock market over the past year was led by a few large technology companies in artificial intelligence (AI). So, <a href="https://investorplace.com/industries/technology/artificial-intelligence/">AI stocks</a> that have increased fast in recent months may be particularly vulnerable to shifts in sentiment. Some have grown over 100%, but their earnings have not matched the hype.



A typical way to evaluate whether a company is over or undervalued is its price-to-earnings (P/E) ratio. Stocks with a high P/E ratio are generally speculative, as it suggests investors are buying them in hopes of delivering strong earnings in the future. However, stocks with very <a href="https://www.investopedia.com/investing/use-pe-ratio-and-peg-to-tell-stocks-future/#">high valuations could struggle</a> now if traders adopt more conservative positions.



Additional weak economic reports in the short term may quickly shift investor sentiment about whether companies can achieve high growth expectations. This is especially true for companies that have failed to increase EPS as stock prices moved substantially higher.



The following three companies made profits that have not kept up with expectations, making them the top stocks to sell now.



<h2>Vertex (VERX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/vrtx-stock-1-300x169.jpg" alt="Vertex Pharmaceuticals (VRTX) logo visible on display screen"><div>Source: Pavel Kapysh / Shutterstock.com</div></div>Vertex (NASDAQ:<a href="https://investorplace.com/stock-quotes/verx-stock-quote/">VERX</a>) provides tax software and tax solutions online. However, rather than describing the services in detail, it is worth noting that the VRTX stock <a href="https://finance.yahoo.com/quote/VERX/">increased 87%</a> over the last year. This was likely due to the firm integrating AI into its products, or there may have been some confusion with Alphabet&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/goog-stock-quote/">GOOG</a>, NASDAQ:<a href="https://investorplace.com/stock-quotes/googl-stock-quote/">GOOGL</a>) Vertex AI.



A few months ago, the company <a href="https://ir.vertexinc.com/news-releases/news-release-details/vertex-inc-announces-pricing-upsized-300-million-convertible">issued a substantial debt of $300 million</a> which almost doubled its quarterly revenue to $161 million. While it emerged from net losses, its <a href="https://finance.yahoo.com/news/vertex-announces-second-quarter-2024-110600715.html">profit remains limited</a> relative to the extent of its net debt. Last quarter saw $5.1 million in profit versus $334 million in total debt, with annual sales growing only 15%.



Moreover, Vertex&rsquo;s current <a href="https://www.multpl.com/s-p-500-pe-ratio">P/E ratio of 274 times</a> is extremely high compared to the S&amp;P 500 average of around 27 times. Despite the company showing potential, its valuation suggests it may not be the best time to invest. In fact, investors may consider it one of the stocks to sell now, given that other stocks offer better prospects.&#8203;



<h2>Palantir (PLTR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/05/pltr1600-5-300x169.png" alt="In this photo illustration, the Palantir Technologies (PLTR) logo is displayed on a smartphone screen."><div>Source: rafapress / Shutterstock.com</div></div>The cyber security and intelligence software company has been actively <a href="https://www.investopedia.com/palantir-stock-surges-on-microsoft-partnership-bringing-ai-to-us-government-agencies-8692491">integrating AI</a> into its services. Evidently, Palantir (NYSE:<a href="https://investorplace.com/stock-quotes/pltr-stock-quote/">PLTR</a>) has gotten the attention of investors seeking exposure to AI.



While its capabilities generate significant interest, Palantir&rsquo;s recent quarterly performance has not kept pace with the high expectations. This is particularly noticeable when compared to the PLTR stock price.



If the company operated in a different industry, its revenue growth of 27%, as reported last quarter, could be considered solid. However, PLTR stock increased by over 90% in the same period. Even though its EPS grew from 5 cents to 9 cents and free cash flow (FCF) rose 54%, the <a href="https://investors.palantir.com/news-details/2024/Palantir-Reports-Revenue-Growth-of-27-Year-Over-Year-and-Raises-Full-Year-Revenue-Guidance-Record-GAAP-EPS-of-0.06-in-Q2-2024/">company does not pay dividends</a>. Additionally, its current <a href="https://finance.yahoo.com/quote/PLTR/analysis/">market cap exceeds its enterprise value</a> and its P/E ratio stands at a multiple of 172.8.



Also, analyst sentiment has turned bearish. Three analysts who updated recommendations for the firm this month all advised to sell. Given their average price target is now below the current price, PLTR appears to be one of the stocks to sell now due to its sensitivity to risk sentiment.&#8203;



<h2>Monolithic Power Systems (MPWR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/cloud-computing-300x169.jpg" alt="an image of a cloud imprinted on a circuit board lit up by blue circuit lights. AVCT stock. cloud computing stocks"><div>Source: Blackboard / Shutterstock</div></div>Monolithic Power (NASDAQ:<a href="https://investorplace.com/stock-quotes/mpwr-stock-quote/">MPWR</a>) provides power circuits used for cloud computing, telecom infrastructure and other industrial applications. MPWR stock surged over 30% in the last year due to expected increased demand from AI. Sales in the AI segment increased substantially but <a href="https://finance.yahoo.com/news/monolithic-power-mpwr-q2-earnings-163600445.html">still account for just a third of total revenue</a>. Interestingly, all other segments, like automotive, storage and consumer, <a href="https://www.monolithicpower.com/media/investor-relations/press-releases/Q2_2024_Earnings_Release.pdf">saw sales decline</a>.



Monolithic&rsquo;s EPS fell slightly from the prior year to $2.06 despite the increase in its share price, which raises questions about. The rise pushed MPWR&rsquo;s P/E ratio up to a multiple of 98.1, with its <a href="https://finance.yahoo.com/quote/MPWR/">market cap now exceeding its enterprise value</a>. Also, gross margin declined from 56.5% to 55.7%, showing lower profitability in the enterprise segment and failure to significantly capitalize on AI demand.



Given Monolithic&rsquo;s sensitivity to the AI bubble, investors may prefer to consider MPWR as one of the stocks to sell now until financial performance improves in the next quarter.



On the date of publication, Stavros Tousios did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"> Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Stavros Tousios, MBA, is the founder and chief analyst at Markets Untold. With expertise in FX, macros, equity analysis, and investment advisory, Stavros delivers investors strategic guidance and valuable insights.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/08/3-stocks-to-sell-before-the-market-crash-resumes/">3 Stocks to Sell Before the Market Crash Resumes</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Stocks to Sell Before the Market Crash Resumes

In a report released today, Patrick Walravens from JMP Securities maintained a Buy rating on Vertex (VERX – Research Report), with a price target o...

JMP Securities Reaffirms Their Buy Rating on Vertex (VERX)

Analyst Chris Quintero of Morgan Stanley maintained a Buy rating on Vertex (VERX – Research Report), retaining the price target of $43.00. Chris Qu...

Buy Rating for Vertex Inc.: Strong Demand, Strategic Acquisitions, and ERP Opportunities Fuel Growth Outlook

Baird Q2 2024 Small/Mid Cap Growth Equity Fund Commentary

Vertex, Inc.: Growth Momentum Continues With FCF Conversion Rates Inflecting Upwards

These are the stocks with the largest changes in short interest in July - GS

In a report released today, Adam Hotchkiss from Goldman Sachs maintained a Buy rating on Vertex (VERX – Research Report). The company's shares open...

Goldman Sachs Remains a Buy on Vertex (VERX)

In a report released today, Chris Quintero from Morgan Stanley maintained a Buy rating on Vertex (VERX – Research Report), with a price target of $...

Morgan Stanley Keeps Their Buy Rating on Vertex (VERX)

Jefferies analyst Samad Samana upgraded Vertex (VERX) to Buy from Hold with a price target of $50, up from $35. The firm says that when it moved to...

Vertex upgraded to Buy from Hold at Jefferies

Notable companies reporting before tomorrow's open, with earnings consensus, include CVS Health (CVS), consensus $1.53… Vertex (VERX), consensus 14...

Notable companies reporting before tomorrow's open

ALAB

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BIRK

BRBR

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CHRD

CNMD

CVNA

DAVA

DECK

GKOS

GLBE

INSP

IONS

ITCI

LGIH

LUMN

MANH

MASI

MDGL

MPWR

MSTR

MTDR

NBIX

NTRA

PACS

PCTY

PLTR

PODD

POOL

PRCT

RGEN

RXST

RYAN

SAIA

SIRI

SMCI

SMMT

SPSC

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TREX

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Press Releases

Vertex 2024 Mid-Year Sales Tax Rates and Rules Report Reveals Local Governments are Increasingly Dependent on Sales Tax Revenues

Earnings

Vertex Announces Second Quarter 2024 Financial Results

Vertex Acquires ecosio To Accelerate Global E-Invoicing Compliance

Vertex Completes Acquisition of ecosio

Vertex to Present at Goldman Sachs Conference

Vertex Wins the 2024 Oracle Best in Class and North American Partner Awards for Innovation

Vertex Launches Vertex for Salesforce Revenue Cloud

Vertex Earns HDI Certification for Six Years Running, Leading in Tax Technology Customer Support

Vertex to Announce Third Quarter 2024 Financial Results on Wednesday, November 6, 2024

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