In a report released today, Jason Helfstein from Oppenheimer maintained a Buy rating on IAC/InterActive (IAC), with a price target of $265.00. The company’s shares closed last Thursday at $235.91, close to its 52-week high of $239.37.
According to TipRanks.com, Helfstein is a top 25 analyst with an average return of 48.7% and a 76.2% success rate. Helfstein covers the Technology sector, focusing on stocks such as Opendoor Technologies, Spotify Technology SA, and Zillow Group Class C.
Currently, the analyst consensus on IAC/InterActive is a Strong Buy with an average price target of $214.56, representing a -11.4% downside. In a report issued on January 25, Piper Sandler also maintained a Buy rating on the stock with a $240.00 price target.
See today’s analyst top recommended stocks >>
IAC/InterActive’s market cap is currently $21.13B and has a P/E ratio of -4.30. The company has a Price to Book ratio of 4.85.
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 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.
