Vimeo Analysts Increase Their Forecasts After Strong Earnings

Vimeo, Inc. (NASDAQ:VMEO) reported better-than-expected third-quarter financial results and issued fourth-quarter sales guidance above estimates.

Vimeo reported quarterly earnings of 5 cents per share which beat the analyst consensus estimate of 1 cent per share. The company reported quarterly sales of $104.564 million which beat the analyst consensus estimate of $99.605 million.

Vimeo said it sees fourth-quarter sales of $100.000 million, versus market estimates of $97.14 million.

Vimeo shares gained 44.7% to trade at $6.96 on Tuesday.

These analysts made changes to their price targets on Vimeo following earnings announcement.

Truist Securities analyst Youssef Squali maintained Vimeo with a Buy and raised the price target from $7 to $9.
Piper Sandler analyst Thomas Champion reiterated Vimeo with a Neutral and raised the price target from $5 to $7.
TD Cowen analyst John Blackledge maintained the stock with a Hold and raised the price target from $6 to $7.

Considering buying VMEO stock? Here’s what analysts think:

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