Barclays lowered the firm’s price target on IAC (IAC) to $62 from $75 but keeps an Overweight rating on the shares after its Q3 results. The company remains in a transitory stage as DDM and Angi (ANGI) slowly return to growth mode, but typical catalysts like M&A, IPOs, or spins are nowhere in sight, the analyst tells investors in a research note. The firm remains positive on IAC’s attractive valuation however while awaiting “more value to be unlocked”.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ANGI:
- Angi Inc. reports Q EPS (1c), consensus (3c)
- Angi Inc. Earnings Release Available on Company’s Website
- IAC Earnings Release and Letter to Shareholders Available on Company’s Website
- ANGI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Walmart ‘bundles’ holiday light installation and removal with Angi installers