UPDATE: Guggenheim Starts VIZIO (VZIO) at Buy
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Vizio (VZIO) Gains as Street Overwhelming Bullish, Seen as Well-Positioned to Capitalize on Booming Streaming Video Market
April 19, 2021 9:07 AM EDTAt least seven Wall Street firms started their coverage on Vizio Holding Corp. (NYSE: VZIO) with a Buy rating or equivalent as the company looks well-positioned to capitalize on the fast-growing video-streaming market.
Piper Saldner, BofA, JP Morgan, Roth Capital, Needham & Company, Guggenheim, and Wells Fargo are among Street firms that have initiated positive coverage on VZIO, which started trading publicly on March 25. Vizio priced 12.25 million shares at $21 per piece, but the stock plunged 9% on the first day to close at $19.10.
Although Vizio was first known for selling high-definition TVs in the... More
Needham & Company Starts VIZIO (VZIO) at Buy
April 19, 2021 6:08 AM EDTNeedham & Company analyst Laura Martin initiates coverage on VIZIO (NYSE: VZIO) with a Buy rating and a price target of $30.00.
The analyst comments "
What we like most about Vizio is that Roku has created a template that Vizio can follow to rapidly... More
UPDATE: 6 Reasons BofA Securities Starts VIZIO (VZIO) at Buy
April 19, 2021 6:02 AM EDT(Updated - April 19, 2021 6:44 AM EDT)
BofA Securities initiates coverage on VIZIO (NYSE: VZIO) with a Buy rating and a price target of $33.00 for 6 reasons:
1) first-party proprietary viewership data that makes the Vizio platform attractive to advertisers
2) a growing addressable... More
UPDATE: Wells Fargo Starts VIZIO (VZIO) at Overweight
April 19, 2021 5:44 AM EDT(Updated - April 19, 2021 6:28 AM EDT)
Wells Fargo initiates coverage on VIZIO (NYSE: VZIO) with a Overweight rating and a price target of $31.00.
The analyst comments "VZIO is uniquely integrated between smart TV sets and its connected TV (CTV) operating system, implying... More
Piper Sandler Starts VIZIO (VZIO) at Overweight
April 19, 2021 1:35 AM EDTPiper Sandler analyst Thomas Champion initiates coverage on VIZIO (NYSE: VZIO) with a Overweight rating and a price target of $29.00.
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.
... MoreUPDATE: JPMorgan Starts VIZIO (VZIO) at Overweight
April 19, 2021 12:32 AM EDT(Updated - April 19, 2021 5:39 AM EDT)
JPMorgan analyst Cory Carpenter initiates coverage on VIZIO (NYSE: VZIO) with a Overweight rating and a price target of $30.00.
The analyst comments "VIZIO is one of the leading TV brands in the United States, with... More
