UPDATE: Guggenheim Starts VIZIO (VZIO) at Buy

April 19, 2021 6:12 AM EDT
Get Alerts VZIO Hot Sheet
Price: $21.38 -0.19%

Rating Summary:
    7 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 5 | New: 58
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(Updated - April 19, 2021 6:31 AM EDT)

Guggenheim analyst Michale Morris initiates coverage on VIZIO (NYSE: VZIO) with a Buy rating and a $28 price target.

The analyst commented, "We are initiating coverage of Vizio Holding Corp. (VZIO) with a BUY rating and $28 price target. We believe Vizio is well positioned to capitalize on the streaming video market growth through its powerful combination of high-quality, affordable television hardware and award-winning streaming operating system (OS). We expect the company to continue its account growth (from 12.2mm domestic active) and its advertising partnerships, fueling strong Platform (+~45% 3-year CAGR) and consolidated company (~15%) gross profit growth as detailed within. Over the long term, we believe ongoing investment in OS innovation will position the company for additional global growth opportunities across the connected home. At its current valuation, we see VZIO shares as an attractively priced streaming media investment relative to peers."

For an analyst ratings summary and ratings history on VIZIO click here. For more ratings news on VIZIO click here.

Shares of VIZIO closed at $24.00 yesterday.

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