In a report released today, Brent Thill from Jefferies maintained a Buy rating on IAC/InterActive (IAC – Research Report), with a price target of $170.00. The company’s shares closed last Wednesday at $138.43.
According to TipRanks.com, Thill is a 5-star analyst with an average return of 18.6% and a 55.5% success rate. Thill covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Palantir Technologies, and Zillow Group Class C.
IAC/InterActive has an analyst consensus of Strong Buy, with a price target consensus of $175.80, which is a 29.8% upside from current levels. In a report issued on January 3, J.P. Morgan also initiated coverage with a Buy rating on the stock with a $175.00 price target.
See today’s best-performing stocks on TipRanks >>
Based on IAC/InterActive’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $924 million and net profit of $60.69 million. In comparison, last year the company earned revenue of $713 million and had a net profit of $185 million.
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.
Read More on IAC:
