Piper Sandler analyst Thomas Champion upgraded Vimeo (VMEO) to Overweight from Neutral with a price target of $10, up from $7. The firm names Vimeo its top small-cap internet pick for 2025. Management has spent the last two years resetting the cost structure and “low calorie marketing spend has been weeded out,” the analyst tells investors in a research note. The firm says that at the same time, Vimeo’s enterprise business has “flourished” and is now at $100M-plus annual run-rate, which will likely return the business to growth regardless of the outcome in self-serve. The company’s new CEO “has quickened the pace of execution,” adds Piper.
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Read More on VMEO:
- Vimeo upgraded to Overweight from Neutral at Piper Sandler
- Vimeo appoints Weeks as Chief Information Security Officer
- Vimeo’s (VMEO) Challenges Persist, but Q3 Success Elevates Its Stock
- Boeing union to end strike, Palantir reports Q3 beat: Morning Buzz
- Vimeo price target raised to $9 from $7 at Truist
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
