BMO Capital Believes IAC/InterActiveCorp (IAC) Still Has Room to Grow


BMO Capital analyst Daniel Salmon reiterated a Buy rating on IAC/InterActiveCorp (NASDAQ: IAC) yesterday and set a price target of $250. The company’s shares closed yesterday at $182.60, close to its 52-week high of $183.77.

According to TipRanks.com, Salmon is a 5-star analyst with an average return of 17.7% and a 71.7% success rate. Salmon covers the Services sector, focusing on stocks such as Nielsen Holdings, 21st Century Fox, and Omnicom Group.

IAC/InterActiveCorp has an analyst consensus of Strong Buy, with a price target consensus of $191.56, representing a 4.9% upside. 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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The company has a one-year high of $183.77 and a one-year low of $100.57. Currently, IAC/InterActiveCorp has an average volume of 845.4K.

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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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