Vimeo Inc. (VMEO) stock soared 6.04% during the trading session on Tuesday, outperforming the market as an analyst reiterated a positive outlook on the company.
Truist Financial analyst Youssef Squali maintained a Buy rating on Vimeo and set a price target of $8.00 on February 23. The analyst's recommendation and price target suggest potential upside for the stock, contributing to the rally.
The analyst's rating and price target were likely welcomed by investors, fueling the stock's surge on Tuesday. However, further details regarding the analyst's rationale were not provided in the available information.
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