UBS analyst Leonardo Olmos lowered the firm’s price target on Vtex (VTEX) to $8 from $10 and keeps a Buy rating on the shares. Vtex is redoubling its focus on large enterprises and improving margins amid topline softness, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VTEX:
- Vtex price target lowered to $7.50 from $11.50 at BofA
- VTEX Earnings Call Highlights Resilience Amid Challenges
- Tesla disbands supercomputer team, Trade Desk Q2 spurs downgrades: Morning Buzz
- Vtex downgraded to Neutral from Outperform at Bradesco BBI
- Vtex downgraded to Neutral from Overweight at JPMorgan
