#5 - Vimeo (NASDAQ:VMEO)
If you’re willing to take a walk on the speculative side of things, you may be interested in Vimeo (NASDAQ:VMEO). The stock has been under heavy selling pressure and is trading near 52-week lows. And as part of the technology sector, the losses have been accelerating since the beginning of 2022.
The company is “the world’s leading all-in-one video software solution.” Vimeo claims over 230 million users that range from start-up entrepreneurs to some of the world’s largest companies.
The company offers a video-as-a-service business model. In addition to a free basic package, consumers can join on several different tiers with fixed monthly costs. Vimeo is expanding its product offering with features like Video Library and Vimeo Events that include a do-it-yourself production studio.
This is a highly competitive sector. So you shouldn’t put capital at risk that you can’t afford to lose. However, the consensus 12-month price target of analysts tracked by MarketBeat is $36.57, a 186% upside from the VMEO stock price as of this writing.
About Vimeo
Vimeo, Inc, together with its subsidiaries, provides video software solutions worldwide. It provides the video tools through a software-as-a-service model, which enables its users to create, collaborate, and communicate with video on a single platform. The company also offers over-the-top OTT streaming and monetization services; AI-driven video creation and editing tools; and interactive and shoppable video tools.
More- Current Price
- $6.82
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 2 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $8.67 (27.1% Upside)
