Vtex (NYSE:VTEX) is one of the best tech stocks under $5 to buy. UBS lifted the price target on Vtex (NYSE:VTEX) to $4.10 from $4 on May 8 and maintained a Neutral rating on the shares. The rating update came after the company reported financial results for fiscal Q1 2026 on May 7, with GMV reaching US$5.1 billion and representing a year-over-year increase of 17.1% in USD and 6.8% on an FX neutral basis. Total revenue rose to US$60.7 million in fiscal Q1 2026 from US$54.2 million in the prior year period, representing a year-over-year increase of 12.1% in USD and 2.4% on an FX neutral basis.
Management reported that subscription revenue represented 98.8% of total revenues, reaching US$60.0 million in the quarter from US$52.6 million in the prior year period, reflecting a year-over-year growth of 14.0% in USD and 4.2% on an FX neutral basis.
Vtex provides a software-as-a-service digital commerce platform for retailers and enterprise brands.
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