BofA lowered the firm’s price target on Vtex (VTEX) to $9 from $10 and keeps a Buy rating on the shares after the company reported “soft results,” including both a top line and EBITDA miss and below expectations guidance. The firm updated its estimates for Q4 results, new guidance and macro estimates, but cites the company’s “solid long term growth potential” for its continued Buy rating.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VTEX: