Bell Potter Reaffirms Their Buy Rating on Develop Global Limited (VTEXF)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 29 2025
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Source: Business Insider
Analyst Rating and Performance: Joseph House from Bell Potter has maintained a Buy rating on Develop Global Limited (VTEXF) with a price target of A$4.00, while the current analyst consensus is a Moderate Buy with an average price target of $2.75.
Financial Results: For the quarter ending June 30, Develop Global reported a revenue of $81.43 million and a GAAP net loss of $8.32 million, showing improvement compared to last year's revenue of $43.95 million and a net loss of $11.49 million.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
