Vtex price target lowered to $6.50 from $9 at JPMorgan

JPMorgan lowered the firm’s price target on Vtex (VTEX) to $6.50 from $9 and keeps an Overweight rating on the shares. The company continues to present room for expanding its penetration, especially out of Brazil, as it has a “strong and scalable product,” the analyst tells investors in a research note. However, JPMorgan believes realization of this value might take longer than expected, given the “underwhelming” growth guidance for 2025 of 14%-17% expansion in subscription revenue excluding currency.