Truist Financial analyst Youssef Squali maintained a Buy rating on Vimeo (VMEO – Research Report) on November 6 and set a price target of $7.00. The company’s shares closed yesterday at $3.62.
According to TipRanks, Squali is a 5-star analyst with an average return of 13.5% and a 52.34% success rate. Squali covers the Technology sector, focusing on stocks such as Amazon, Meta Platforms, and Cimpress.
Currently, the analyst consensus on Vimeo is a Strong Buy with an average price target of $7.00, implying a 93.37% upside from current levels. In a report released on November 7, Jefferies also maintained a Buy rating on the stock with a $7.00 price target.
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Based on Vimeo’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $101.84 million and a net profit of $5.87 million. In comparison, last year the company earned a revenue of $108.13 million and had a GAAP net loss of $21.42 million
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Vimeo (VMEO) Company Description:
Vimeo Holdings Inc is the all-in-one video software solution, providing the full breadth of video tools through a software-as-a-service model. The company’s comprehensive and cloud-based tools empower its users to create, collaborate and communicate with video on a single, turnkey platform.
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