J.P. Morgan analyst Cory Carpenter maintained a Hold rating on Vimeo (VMEO – Research Report) yesterday and set a price target of $7.00. The company’s shares closed last Thursday at $6.83, close to its 52-week low of $5.33.
According to TipRanks.com, Carpenter has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -11.7% and a 35.2% success rate. Carpenter covers the Technology sector, focusing on stocks such as IAC/InteractiveCorp., VIZIO Holding, and Porch Group.
Currently, the analyst consensus on Vimeo is a Moderate Buy with an average price target of $11.80, implying a 73.3% upside from current levels. In a report released yesterday, Piper Sandler also maintained a Hold rating on the stock with a $7.00 price target.
The company has a one-year high of $45.88 and a one-year low of $5.33. Currently, Vimeo has an average volume of 2.27M.
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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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