JPMorgan Lowers VTEX Rating and Price Target

VTEX (NYSE:VTEX) is one of the 14 Best Technology Penny Stocks to Buy According to Analysts. On August 7, JPMorgan downgraded VTEX (NYSE:VTEX) from Overweight to Neutral and reduced its price target from $7.50 to $6.00.

This decision came after the company reported results for the second quarter of 2025. VTEX (NYSE:VTEX) reported that subscription revenue grew by 11.2% compared to the same time last year. However, this fell short of the company’s guidance range of 12.5% to 15.5%.

A close-up of a customer placing an order using the company’s e-commerce platform.

JPMorgan noted that weaker performance in key markets of Argentina and Brazil was the main reason behind the disappointing performance. VTEX (NYSE:VTEX) also lowered its full-year 2025 growth guidance to 9%-12%, down from its earlier outlook of 14%-17%.

Despite this, JPMorgan pointed out that the company’s margins surpassed expectations. This prompted VTEX (NYSE:VTEX) to raise its margin guidance for the year.

VTEX (NYSE:VTEX) provides an enterprise digital commerce platform for brands, retailers, and manufacturers to create and manage their e-commerce strategies.

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Disclosure: None. This article is originally published at Insider Monkey.