Needham Maintains Buy Rating for VIZIO Holding: Here's What You Need To Know

Needham has decided to maintain its Buy rating of VIZIO Holding VZIO and lower its price target from $11.00 to $8.00.

Shares of VIZIO Holding are trading up 0.57% over the last 24 hours, at $5.24 per share.

A move to $8.00 would account for a 52.67% increase from the current share price.

About VIZIO Holding

VIZIO Holding Corp operates two distinct integrated businesses: Device and Platform+. Through Device business, it offers a range of high-performance Smart TVs designed to address specific consumer preferences, as well as a portfolio of soundbars that deliver immersive audio experiences. It generates revenue from the shipment of these devices to retailers and distributors across the United States, as well as directly to consumers through the website. The Platform+ business includes the Smart TV operating system, SmartCast, which delivers a vast amount of content and applications through an easy-to-use interface.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.