Oppenheimer Thinks IAC/InterActive’s Stock is Going to Recover
In a report released yesterday, Jason Helfstein from Oppenheimer assigned a Buy rating to IAC/InterActive (IAC), with a price target of $145.00. The company’s shares closed last Monday at $121.29, close to its 52-week low of $100.22.
According to TipRanks.com, Helfstein is a top 25 analyst with an average return of 29.0% and a 71.8% success rate. Helfstein covers the Technology sector, focusing on stocks such as Spotify Technology SA, Fiverr International, and ANGI Homeservices.
Currently, the analyst consensus on IAC/InterActive is a Strong Buy with an average price target of $155.94.
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Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IAC in relation to earlier this year.
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.
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