In a report released yesterday, Ross Sandler from Barclays maintained a Buy rating on IAC/InterActiveCorp (NASDAQ: IAC), with a price target of $244. The company’s shares closed yesterday at $182.60, close to its 52-week high of $183.77.
According to TipRanks.com, Sandler is a 4-star analyst with an average return of 8.3% and a 61.9% success rate. Sandler covers the Technology sector, focusing on stocks such as Match Group Inc, Alphabet Inc, and Facebook.
IAC/InterActiveCorp has an analyst consensus of Strong Buy, with a price target consensus of $216.10, which is a 18.3% upside from current levels. In a report issued on August 2, Wells Fargo also maintained a Buy rating on the stock with a $185 price target.
.
See today’s analyst top recommended stocks >>
Based on IAC/InterActiveCorp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $218 million. In comparison, last year the company had a net profit of $66.27 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
