Vimeo Analysts Increase Their Forecasts After Strong Earnings

Core Insights - Vimeo, Inc. reported better-than-expected third-quarter financial results and provided fourth-quarter sales guidance above market estimates [1][2] Financial Performance - Quarterly earnings were reported at 5 cents per share, surpassing the analyst consensus estimate of 1 cent per share [2] - Quarterly sales reached $104.564 million, exceeding the analyst consensus estimate of $99.605 million [2] Future Guidance - For the fourth quarter, Vimeo anticipates sales of $100 million, compared to market estimates of $97.14 million [2] Stock Performance - Following the earnings announcement, Vimeo shares increased by 44.7%, trading at $6.96 [2] Analyst Ratings and Price Targets - Truist Securities analyst Youssef Squali maintained a Buy rating and raised the price target from $7 to $9 [2] - Piper Sandler analyst Thomas Champion reiterated a Neutral rating and increased the price target from $5 to $7 [2] - TD Cowen analyst John Blackledge maintained a Hold rating and raised the price target from $6 to $7 [2]