12 Best Tech Stocks to Buy Right Now Under $10

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7. Vimeo Inc. (NASDAQ:VMEO)

Current Market Price: $6.63; Upside Potential: 21%

Number of hedge funds: 25

Vimeo Inc. (NASDAQ:VMEO) is a leading video hosting platform that provides tools for businesses and creators to upload, share, and manage high-quality video content. The company offers a range of services, including video hosting, live streaming, and video monetization solutions, catering to a diverse clientele from individual creators to large enterprises. Its platform is designed to enhance video engagement and analytics, making it a preferred choice for professional video production and marketing.

In early December 2024, an analyst from Piper Sandler upgraded Vimeo Inc. (NASDAQ:VMEO) from Neutral to Overweight, raising the price target from $7 to $10. He also highlighted the stock as his top small-cap internet pick for 2025. The analyst’s optimistic outlook is based on the management’s success in restructuring the cost framework and eliminating inefficient marketing expenditures. He emphasized the impressive performance of the company’s enterprise segment, which now generates an annual run-rate of over $100 million, positioning the company for growth regardless of other segments’ performance. Additionally, he praised the new CEO for accelerating the company’s execution pace.

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