Brokerages Set Vimeo (NASDAQ:VMEO) Price Target at $53.20

Vimeo (NASDAQ:VMEO) has earned an average recommendation of “Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $53.20.

Several equities analysts have recently issued reports on VMEO shares. Truist Securities started coverage on Vimeo in a research note on Wednesday, May 26th. They issued a “buy” rating and a $54.00 price target on the stock. KeyCorp started coverage on Vimeo in a research note on Tuesday, May 25th. They issued a “sector weight” rating on the stock. Cowen started coverage on Vimeo in a research note on Wednesday, June 2nd. They issued an “outperform” rating and a $56.00 price target on the stock. Piper Sandler started coverage on Vimeo in a research note on Thursday, June 3rd. They issued an “overweight” rating and a $52.00 price target on the stock. Finally, Jefferies Financial Group started coverage on Vimeo in a research note on Wednesday, June 2nd. They issued a “buy” rating and a $50.00 price target on the stock.

Shares of VMEO traded down $0.42 during midday trading on Thursday, hitting $44.87. The company’s stock had a trading volume of 1,118,197 shares, compared to its average volume of 2,920,086. Vimeo has a one year low of $38.00 and a one year high of $58.00.

Vimeo Company Profile

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Analyst Recommendations for Vimeo (NASDAQ:VMEO)

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