BUZZ-VTEX slips after UBS downgrades to 'neutral'

Reuters01-16
BUZZ-<a href="https://laohu8.com/S/VTEX">VTEX</a> slips after UBS downgrades to 'neutral'

** Shares of software company VTEX VTEX.N falls 5.97% to $3.38

** UBS downgrades VTEX to "neutral" from "buy", cuts PT to $4 from $8

** New PT is still 11% above the stock's last close

** Brokerage cites lower visibility on short-term growth and the uncertainty around the company's key reacceleration drivers

** Adds VTEX is unlikely to return to mid-teens growth in 2026 after exiting that level in 2025, following an 18-month revenue slowdown

** AI-driven efficiencies are unlikely to materially offset VTEX's weak revenue outlook, brokerage says

** Eight of 10 brokerages rate the stock "buy" or "strong buy", two "hold"; median PT $7 - data compiled by LSEG

** Including session move, VTEX down 44.5% in the last 12 months

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com))

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