Vtex price target lowered to $9 from $10 at BofA

BofA lowered the firm’s price target on Vtex (VTEX) to $9 from $10 and keeps a Buy rating on the shares after the company reported “soft results,” including both a top line and EBITDA miss and below expectations guidance. The firm updated its estimates for Q4 results, new guidance and macro estimates, but cites the company’s “solid long term growth potential” for its continued Buy rating.