Piper Sandler analyst Thomas Champion lowered the price target on VIZIO Holding Corp to $29 from $31, implying a 48 percent upside, and reiterated an Overweight. The company’s Q3 results “were mixed” with logistics challenges “denting” device unit potential, Champion notes. More importantly, however, Vizio’s platform growth remains strong at 130 percent year-over-year, and the Q4 guidance is substantially above forecasts, adds the analyst. VIZIO’s Q3 FY21 revenue of $588.3 million missed the consensus of $595.3 million. EPS loss of $(0.10) was in line with the consensus. Platform+ net revenue increased 134 percent Y/Y to $85.9 million. SmartCast Active accounts increased 35 percent Y/Y to 14.4 million. Average Revenue Per User increased 91percent Y/Y to $19.89. VIZIO sees Q4 Platform+ revenue of $100 million–$110 million. Price Action  VIZIO shares closed at 13.50 percent at $19.69 on the last check Wednesday. By Anusuya Lahiri © 2021 The Epoch Times. The Epoch Times does not provide investment advice. All …