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Vizio Gains As Seen As Analysts See It Well-Positioned For Streaming

27 days ago   |   By FXCM

By Dhirendra Tripathi
Investing.com - Vizio Holding shares rose more than 1% on Monday, bolstered by bullish calls made by as many as seven analysts who think the company is well-positioned to capitalize on the fast-growing video-streaming market.
The average of the price estimates put out by the seven firms is $30, suggesting a 22% upside from current levels. Vizio, which made its public debut on March 25, priced 12.25 million shares at $21 each, but the stock plunged 9% to close at $19.10.
Vizio, which started off as a seller of high-definition TVs, has turned its focus to the booming...
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