Barclays Believes IAC/InterActiveCorp (IAC) Won’t Stop Here


In a report released yesterday, Ross Sandler from Barclays maintained a Buy rating on IAC/InterActiveCorp (IAC), with a price target of $242. The company’s shares closed yesterday at $209.68, close to its 52-week high of $223.54.

According to TipRanks.com, Sandler is a 4-star analyst with an average return of 5.8% and a 56.3% success rate. Sandler covers the Technology sector, focusing on stocks such as Spotify Technology SA, Match Group Inc, and Facebook.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for IAC/InterActiveCorp with a $236.64 average price target.

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The company has a one-year high of $223.54 and a one-year low of $128.80. Currently, IAC/InterActiveCorp has an average volume of 950.8K.

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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.

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