Vtex price target lowered to $7.50 from $11.50 at BofA

BofA lowered the firm’s price target on Vtex (VTEX) to $7.50 from $11.50 and keeps a Buy rating on the shares. The firm lowered expected future growth and margins, leading to a 26% cut to its EPS forecast for FY27, but argues that the market is “overly concerned” about a growth deceleration while underestimating the potential benefits on margins.