UBS downgrades Vtex to Neutral on ‘weakening growth visibility’

UBS analyst Leonardo Olmos last night downgraded Vtex (VTEX) to Neutral from Buy with a price target of $4, down from $8. The firm cites the company’s “weakening growth visibility” for the downgrade. Vtex faces lower visibility on its short-term growth as well as uncertainty around its key reacceleration drivers, the analyst tells investors in a research note. UBS downgraded the shares and cut estimates to reflect a “soft” Black Friday-Cyber Monday performance in 2025. It views the shares as fairly priced at current levels.