After BMO Capital and Barclays gave IAC/InterActiveCorp (NASDAQ: IAC) a Buy rating last month, the company received another Buy, this time from Benchmark Co. Analyst Daniel Kurnos maintained a Buy rating on IAC/InterActiveCorp today and set a price target of $204. The company’s shares closed yesterday at $182.60, close to its 52-week high of $183.77.
According to TipRanks.com, Kurnos is a 5-star analyst with an average return of 12.8% and a 57.1% success rate. Kurnos covers the Services sector, focusing on stocks such as Chicken Soup For The Soul Entertainment Inc, Booking Holdings Inc, and Sinclair Broadcast.
Currently, the analyst consensus on IAC/InterActiveCorp is a Strong Buy with an average price target of $207.33, a 13.5% 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 826.4K.
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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.
