Jefferies analyst Brent Thill 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, Thill is a top 100 analyst with an average return of 18.2% and a 74.4% success rate. Thill covers the Technology sector, focusing on stocks such as Match Group Inc, Alphabet Inc, and Wix.com Ltd.
Currently, the analyst consensus on IAC/InterActiveCorp is a Strong Buy with an average price target of $194.75, a 6.7% 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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Based on IAC/InterActiveCorp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $218 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.
