
VTEX (VTEX) Stock Forecast & Price Target
VTEX (VTEX) Analyst Ratings
Bulls say
Vtex demonstrates a robust growth trajectory, achieving 25% year-over-year FXN revenue growth and 28% FXN GMV growth in Q3, marking a continuation of its acceleration in growth rates for four consecutive quarters. The company has raised its revenue guidance for FY23 to a range of 22-23% FXN growth, supported by strong performances from existing merchants and the successful onboarding of new ones, resulting in $4.0 billion in GMV. Additionally, Vtex is on track for margin expansion, with non-GAAP operating income reaching expectations ahead of schedule and guidance for FY24 indicating continued growth and improved operating and free cash flow margins.
Bears say
The negative outlook on Vtex's stock is primarily driven by the anticipated impact of recent devaluation in the Argentinian currency, which is expected to result in a mid-single-digit percentage headwind to USD revenue growth and a similar operating margin impact in 2024. Despite the company's guidance indicating a trajectory toward sustainable growth and profitability expansion, the currency devaluation poses significant financial challenges that could hinder its performance. Additionally, the heavy reliance on Brazil and Latin America heightens the risk associated with regional economic fluctuations, further complicating the company’s growth prospects.
This aggregate rating is based on analysts' research of VTEX and is not a guaranteed prediction by Public.com or investment advice.
VTEX (VTEX) Analyst Forecast & Price Prediction
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