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VTEX

VTEX

VTEX
$4.20USD↑+5.53%+0.22 today

MARKET CAP

716.0M

P/E (TTM)

33.1x

FWD P/E

19.9x

DAY RANGE

$4 – $4

52W RANGE

$3
$7

AI Summary

Stalk
StalkMedium

VTEX remains in a Stage 2 advance with higher-highs and higher-lows intact, but a Bullish Exhaustion pattern and price under declining 9/21 EMAs signal weakening momentum. Medium-term bias stays Bullish despite long-term downtrend, while short-term timing is unfavorable. Best to wait for a deeper pullback into support—around the 50-day SMA or prior swing lows—before initiating a long entry.

  • ↑EPS forecast up 21% to $0.23, driven by AI and new clients.
  • ↑Subscription gross margin at 81.5%, improving 240 bps YoY.
  • ↓Brazil macro pressures constrain GMV growth and deal closures.
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The case for & against

Bull & Bear analysis

Bullish

VTEX (NYSE: VTEX) operates as a leading cloud-based commerce platform, providing integrated e-commerce solutions that cater to both B2B and B2C businesses. The company leverages advanced AI technologies to enhance operational efficiency and customer experience, emphasizing its strategic positioning in the evolving digital commerce landscape, particularly in Latin America and global markets. With a focus on continuous innovation, VTEX aims to solidify its competitive advantage through offerings like its AI-native commerce suite.

Bull says

  • ↑EPS forecast up 21% to $0.23, driven by AI and new clients.
  • ↑Subscription gross margin at 81.5%, improving 240 bps YoY.
  • ↑Q1’26 subscription revenue $60 M (+14% YoY; +4% FX neutral); GMV $5.1 B (+17%).
  • ↑Free cash flow doubled YoY to $13.3 M; repurchased 2.5 M shares for $9.7 M.
  • ↑Institutional ownership ~64% underscores strong market confidence.
  • ↑U.S./EU revenues up ~20%, signaling successful global expansion.

Bear says

  • ↓Brazil macro pressures constrain GMV growth and deal closures.
  • ↓Elongated B2B sales cycles amid AI wait-and-see slow revenue.
  • ↓Intensifying competition from Shopify and Salesforce threatens share.
  • ↓PEG ratio of 0.57 flags valuation risk if growth slips.
  • ↓Analyst downgrades and weak profitability raise conversion concerns.
  • ↓High stock volatility and small-size risk add downside exposure.

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-10-2026neutral

Transcript signals

Bull points

  • B2B grew roughly in the 20 handle in Q1, so although representing a smaller portion of our revenue base, our B2B solution is contributing disproportionately, again, to our overall growth.
  • overall, we're still early, but we are seeing the right signals, both in terms of pipeline and market awareness. And as we remain very focused on the execution and encouraged by the trajectory so far.

Bear points

  • Overall, the sales cycle is getting longer in the last years. We can, we enterprise customers are still taking more time to make decisions. It's not particularly to B2B, but also to B2C, largely driven by the macro conditions.
  • And we expect that it's not getting better soon because AI is still in a big hype. So we need a little bit more time to understand where the wait and see ends.
Read full transcript analysis ›