Vimeo price target raised to $7 from $6 at Truist

Truist raised the firm’s price target on Vimeo to $7 from $6 and keeps a Buy rating on the shares. Vimeo saw further revenue acceleration in Q2, along with improved profitability and free cash flow, driven by strong momentum in Enterprise even as Self-Serve remains under pressure, the analyst tells investors in a research note. The firm remains positive on Vimeo given a low valuation, improving execution, strong balance sheet, and secular growth in video consumption.