tiprankstipranks
Blurbs

J.P. Morgan Thinks IAC/InterActive’s Stock is Going to Recover

In a report released today, Cory Carpenter from J.P. Morgan maintained a Buy rating on IAC/InterActive (IACResearch Report), with a price target of $165.00. The company’s shares closed last Wednesday at $120.88, close to its 52-week low of $119.20.

According to TipRanks.com, Carpenter ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -10.3% and a 37.1% success rate. Carpenter covers the Technology sector, focusing on stocks such as VIZIO Holding, Match Group, and MediaAlpha.

Currently, the analyst consensus on IAC/InterActive is a Strong Buy with an average price target of $169.38, which is a 29.3% upside from current levels. In a report issued on February 11, BMO Capital also maintained a Buy rating on the stock with a $195.00 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:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More
Videos
---

Latest News Feed