3 Reasons to Buy Vertex Pharmaceuticals Stock Like There's No Tomorrow
Sometimes a company has a mixture of proven performance and upcoming catalysts that make the idea of buying it hand-over-fist practically irresistible. And that's exactly what Vertex Pharmaceuticals (NASDAQ: VRTX) is modeling right now.
Thanks to its long-standing dominance in a key niche market, its newfound pursuit of powerful gene therapies, and its cash output, there's good reason to be excited about the stock. So here are three arguments for why it's worth buying now.
Vertex's sales are highly recurring because it makes medicines that patients need to take consistently to manage their chronic symptoms. Specifically, it makes four different drugs to treat cystic fibrosis (CF), a hereditary lung disease affecting around 88,000 people in the Western world, and it has even more in development.
Source Fool.com
Vertex Pharmaceuticals Inc. Stock
With 57 Buy predictions and 2 Sell predictions Vertex Pharmaceuticals Inc. is one of the favorites of our community.
As a result the target price of 440 € shows a slightly positive potential of 4.2% compared to the current price of 422.25 € for Vertex Pharmaceuticals Inc..
