Benzinga | Jul 30, 2021 12:14PM EDT

Expert Ratings for Vertex Pharmaceuticals

Analysts have provided the following ratings for Vertex Pharmaceuticals (NASDAQ:VRTX) within the last quarter: Last 30 Days 1 Month Ago 2 Months Ago 3 Months AgoBullish 0 0 4 0Somewhat Bullish 2 0 5 0Indifferent 0 0 2 0Somewhat Bearish 1 1 0 0Bearish 0 0 0 0

17 analysts offering 12-month price targets in the last 3 months for Vertex Pharmaceuticals evaluate the company at an average price target of $253.18 with a high of $331.00 and a low of $170.00.

This current average has decreased by 6.39% from the previous average price target of $270.47.

Analyst Ratings: What Are They?

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Analysts also give out recommendations like "buy", "sell", "hold", or similar verbage for each stock based on their overall evaluations of the corres ponding company. A "buy" indicates that an analyst is optimistic about a stock's short-term or mid-term growth, recommending traders to purchase the stock. Contrastingly, a "sell" means that an analyst believes the stock will trend downwards in that same time frame. A "hold" suggests that investors should not buy more of or sell any of the specified stock due to that analyst's prediction of stagnation.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.