IAC/InterActive (IAC) Gets a Buy Rating from Oppenheimer
In a report released today, Jason Helfstein from Oppenheimer maintained a Buy rating on IAC/InterActive (IAC), with a price target of $210.00. The company’s shares closed last Tuesday at $182.81.
According to TipRanks.com, Helfstein is a top 25 analyst with an average return of 44.8% and a 76.7% success rate. Helfstein covers the Technology sector, focusing on stocks such as Spotify Technology SA, Fiverr International, and ANGI Homeservices.
IAC/InterActive has an analyst consensus of Strong Buy, with a price target consensus of $177.83, a 3.1% upside from current levels. In a report issued on December 7, Cowen & Co. also reiterated a Buy rating on the stock with a $180.00 price target.
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IAC/InterActive’s market cap is currently $14B and has a P/E ratio of -58.40. The company has a Price to Book ratio of 3.47.
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IAC is an Internet media company with segments that include ANGI Homeservices (51% of total revenue), Vimeo (9%), Dotdash (7%), applications (14%), and emerging and other (19%). The firm spun off the narrow-moat dating app provider, Match Group, in second-quarter 2020.