Jefferies Downgrades Vimeo to Hold, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Brent Thill, an analyst at Jefferies, has downgraded Vimeo (NASDAQ:VMEO) from Buy to Hold and reduced the price target from $7 to $4. This reflects a more cautious view on the company's stock.
January 05, 2024 | 11:15 am
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Vimeo has been downgraded by Jefferies from Buy to Hold with a lowered price target from $7 to $4, indicating a bearish outlook on the stock.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest a less favorable outlook for the company's future performance. The reduction in the price target further emphasizes the analyst's bearish stance, which may influence investor sentiment and lead to a decrease in stock price.
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