In a report released today, Brian Fitzgerald from Wells Fargo maintained a Buy rating on IAC/InterActive (IAC). The company’s shares closed last Friday at $125.41, close to its 52-week low of $100.22.
According to TipRanks.com, Fitzgerald is a top 25 analyst with an average return of 31.9% and a 79.6% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as LiveRamp Holdings, ANGI Homeservices, and Uber Technologies.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for IAC/InterActive with a $163.33 average price target, representing a 27.7% upside. In a report issued on July 6, SunTrust Robinson also initiated coverage with a Buy rating on the stock with a $135.00 price target.
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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.
