BMO Capital analyst Daniel Salmon maintained a Buy rating on IAC/InterActiveCorp (IAC) today and set a price target of $291. The company’s shares closed on Friday at $215.96, close to its 52-week high of $223.54.
According to TipRanks.com, Salmon is a 5-star analyst with an average return of 14.7% and a 65.4% success rate. Salmon covers the Services sector, focusing on stocks such as Walt Disney, Carvana Co, and CBS Corp.
IAC/InterActiveCorp has an analyst consensus of Strong Buy, with a price target consensus of $246.07, which is a 13.9% upside from current levels. In a report issued on January 28, Barclays also maintained a Buy rating on the stock with a $242 price target.
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Based on IAC/InterActiveCorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $192 million. In comparison, last year the company had a net profit of $32.8 million.
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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.
