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Investing.com - JPMorgan downgraded VTEX (NYSE:VTEX) from Overweight to Neutral on Thursday, while lowering its price target to $6.00 from $7.50. The e-commerce solutions provider, currently trading at $5.92 with a market capitalization of $1.08 billion, has maintained strong financial health according to InvestingPro data.
The downgrade follows VTEX’s second-quarter 2025 results, which showed subscription revenue growth of 11.2% year-over-year on a foreign exchange neutral basis, falling below the company’s guidance range of 12.5% to 15.5%. The company maintains impressive gross profit margins of 74.66% and a healthy current ratio of 3.39.
JPMorgan cited deterioration in key markets of Argentina and Brazil as the primary factors behind the weaker-than-expected performance, which prompted VTEX to reduce its full-year 2025 growth guidance to 9%-12%, down from its previous outlook of 14%-17%.
Despite the growth concerns, JPMorgan noted that VTEX’s margins exceeded expectations, leading the company to increase its margin guidance for the year.
The investment bank established a December 2026 price target of $6.00, replacing its previous December 2025 target of $7.50, reflecting reduced visibility into the company’s growth prospects for 2026.
In other recent news, VTEX has been the subject of various analyst reviews, highlighting its potential in the market. Citi initiated coverage on VTEX with a buy rating, setting a price target of $10.00, citing the company’s strong leadership position in Latin America and its global expansion efforts. Similarly, BofA Securities increased its price target for VTEX to $10.00 from $9.50, maintaining a buy rating and noting the company’s recent performance surge.
On the other hand, UBS lowered its price target on VTEX to $10.00 from $11.00, while still maintaining a buy rating, reflecting their analysis of first-quarter results and future expectations. Jefferies took a more cautious approach, initiating coverage with a hold rating and a $7.30 price target. They expressed concerns about potential overestimations of VTEX’s growth prospects and operational leverage, suggesting a possible deceleration in growth.
These recent developments reflect varied perspectives on VTEX’s market position and future potential, with analysts providing different price targets and ratings based on their assessments.
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