Wells Fargo Reaffirms Their Buy Rating on IAC/InterActiveCorp (IAC)


Wells Fargo analyst Peter Stabler maintained a Buy rating on IAC/InterActiveCorp (IAC) yesterday. The company’s shares closed on Friday at $186.55.

According to TipRanks.com, Stabler is a 5-star analyst with an average return of 27.4% and a 72.5% success rate. Stabler covers the Technology sector, focusing on stocks such as Match Group Inc, Alphabet Inc, and trivago NV.

IAC/InterActiveCorp has an analyst consensus of Strong Buy, with a price target consensus of $245.70, a 31.7% upside from current levels. In a report issued on November 9, Barclays also maintained a Buy rating on the stock with a $227 price target.

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The company has a one-year high of $223.54 and a one-year low of $118.83. Currently, IAC/InterActiveCorp has an average volume of 920.2K.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, Michael Schwerdtman, the SVP & Controller of IAC sold 18,750 shares for a total of $3,568,544.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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