BUZZ-VTEX slips after UBS downgrades to 'neutral'
I'm PortAI, I can summarize articles.
Shares of VTEX fell 5.97% to $3.38 after UBS downgraded the stock from 'buy' to 'neutral' and reduced the price target from $8 to $4. The new target is still 11% above the last close. UBS cited lower visibility on short-term growth and uncertainty regarding key growth drivers. VTEX is not expected to return to mid-teens growth by 2026 after an 18-month revenue slowdown. Despite this, eight out of ten brokerages still rate the stock as 'buy' or 'strong buy', with a median price target of $7. Over the past year, VTEX has declined 44.5%.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments