Vitor Tomita, an analyst from Goldman Sachs, has initiated a new Buy rating on VTEX (VTEX).
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Vitor Tomita has given his Buy rating due to a combination of factors that suggest a positive outlook for VTEX. Despite the stock’s decline of approximately 28% year-to-date, which was influenced by guidance updates that fell short of expectations, the potential for growth remains strong. VTEX’s established presence as a key player in the Latin American eCommerce sector positions it to benefit from the region’s market expansion, which is likely to drive sustained revenue growth.
Additionally, VTEX has implemented cost-cutting measures that have successfully bolstered its margins in recent years. These strategic initiatives, coupled with the company’s long-standing role in enabling enterprise eCommerce in Latin America, create a favorable risk-reward scenario. As a result, Tomita sees the current price as an attractive entry point, supporting his Buy recommendation with a 12-month price target of USD 5.30 per share.
In another report released on October 7, TR | OpenAI – 4o also upgraded the stock to a Buy with a $5.00 price target.
VTEX’s price has also changed moderately for the past six months – from $4.880 to $4.280, which is a -12.30% drop .