Raymond James has initiated coverage on Vertex Pharmaceuticals Inc (VRTX) with a Market Perform rating, marking the firm's first assessment of the company's investment potential. This decision reflects their analysis of Vertex's business operations, industry dynamics, and growth prospects.
Vertex Pharmaceuticals, headquartered in Boston, Massachusetts, is a leading biotechnology company focused on discovering, developing, manufacturing, and commercializing small molecule drugs for serious diseases. The company currently employs 6,100 full-time staff and has seven approved medicines, including treatments for cystic fibrosis and severe sickle cell disease. Its robust pipeline features clinical-stage programs targeting various conditions, including acute pain and type 1 diabetes.
As of September 2, 2025, Vertex's stock is trading at $433.14, with a market capitalization of $105.6 billion and a trailing P/E ratio of 28.74. The upcoming earnings report is anticipated on August 3, 2026, with earnings per share estimated at $5.06 and revenue projected at $3.3 billion.
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