Evercore ISI Maintains Their Buy Rating on IAC/InterActiveCorp (IAC)


In a report issued on August 8, Benjamin Black CFA from Evercore ISI maintained a Buy rating on IAC/InterActiveCorp (IAC), with a price target of $285. The company’s shares closed on Friday at $254.46, close to its 52-week high of $268.72.

IAC/InterActiveCorp has an analyst consensus of Strong Buy, with a price target consensus of $300.75, a 18.2% upside from current levels. In a report issued on July 31, Cowen & Co. also maintained a Buy rating on the stock with a $290 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 $113 million. In comparison, last year the company had a net profit of $218 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, Vimeo, Dotdash, Applications and Emerging & Other. The Match Group segment provides dating products, operating a portfolio of several brands, including Match, Tinder, PlentyOfFish, and OkCupid.

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