In a report released today, Clarke Jeffries from Piper Sandler maintained a Buy rating on VTEX (VTEX – Research Report), with a price target of $9.00. The company’s shares closed last Thursday at $4.54, close to its 52-week low of $4.41.
According to TipRanks.com, Jeffries is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -33.0% and a 5.9% success rate. Jeffries covers the Technology sector, focusing on stocks such as BigCommerce Holdings, SEMrush Holdings, and Sprout Social.
VTEX has an analyst consensus of Strong Buy, with a price target consensus of $9.20, a 104.9% upside from current levels. In a report issued on April 29, Credit Suisse also upgraded the stock to Buy with a $8.00 price target.
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VTEX’s market cap is currently $867.3M and has a P/E ratio of -14.28.
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Vtex provides a software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating and managing orders across channels, and creating marketplaces to sell products from third-party vendors. It generates maximum revenues from Brazil followed by Latin America and the rest of the world.
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