In a report released today, Victor Anthony from Aegis Capital maintained a Buy rating on IAC/InterActiveCorp (NASDAQ: IAC), with a price target of $240. The company’s shares opened today at $191.17, close to its 52-week high of $195.92.
According to TipRanks.com, Anthony is a top 100 analyst with an average return of 17.1% and a 67.5% success rate. Anthony covers the Services sector, focusing on stocks such as Qurate Retail Group Inc, Pandora Media, and Cimpress.
IAC/InterActiveCorp has an analyst consensus of Strong Buy, with a price target consensus of $228.80, which is a 19.7% upside from current levels. In a report issued on August 2, Barclays also maintained a Buy rating on the stock with a $196 price target.
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IAC/InterActiveCorp’s market cap is currently $16.15B and has a P/E ratio of 36.83. The company has a Price to Book ratio of 6.21.
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IAC/InterActiveCorp. engages in the provision of media and Internet services. It operates through the following business segments: Match Group, ANGI Homeservices, Video, Applications, Publishing, and Other. The Match Group segment provides dating products, operating a portfolio of several brands, including Match, Tinder, PlentyOfFish, and OkCupid.
