Cowen & Co. analyst John Blackledge reiterated a Buy rating on IAC/InterActiveCorp (NASDAQ: IAC) yesterday and set a price target of $225. The company’s shares closed yesterday at $182.60, close to its 52-week high of $183.77.
According to TipRanks.com, Blackledge is a 5-star analyst with an average return of 19.3% and a 72.3% success rate. Blackledge covers the Services sector, focusing on stocks such as Pandora Media, Wayfair Inc, and Netflix.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for IAC/InterActiveCorp with a $211.30 average price target, which is a 15.7% 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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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.
