VTEX 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