.jpg "IAC/InterActiveCorp (NASDAQ: IAC)")
In a report released yesterday, Daniel Salmon from BMO Capital reiterated a Buy rating on IAC/InterActiveCorp (NASDAQ: IAC), with a price target of $216. The company’s shares closed yesterday at $154.56.
According to TipRanks.com, Salmon is a 5-star analyst with an average return of 18.9% and a 74.1% success rate. Salmon covers the Services sector, focusing on stocks such as Nielsen Holdings, 21st Century Fox, and Pandora Media.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for IAC/InterActiveCorp with a $195 average price target.
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Based on IAC/InterActiveCorp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $71.08 million. In comparison, last year the company had a net profit of $66.27 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.
