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Wells Fargo Thinks IAC/InteractiveCorp.’s Stock is Going to Recover

Wells Fargo analyst Brian Fitzgerald reiterated a Buy rating on IAC/InteractiveCorp. (IACResearch Report) today and set a price target of $135.00. The company’s shares closed last Tuesday at $81.84, close to its 52-week low of $72.29.

According to TipRanks.com, Fitzgerald is a 5-star analyst with an average return of 19.6% and a 57.1% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as Integral Ad Science, Momentive Global, and Alphabet Class A.

Currently, the analyst consensus on IAC/InteractiveCorp. is a Strong Buy with an average price target of $134.23, representing a 64.4% upside. In a report issued on May 10, J.P. Morgan also maintained a Buy rating on the stock with a $122.00 price target.

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IAC/InteractiveCorp.’s market cap is currently $7.32B and has a P/E ratio of 512.68.

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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.

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