IAC price target raised to $72 from $62 at Barclays

Barclays analyst Ross Sandler raised the firm’s price target on IAC to $72 from $62 and keeps an Overweight rating on the shares. The analyst says the IAC story “is coming back online after a rough 2022-2023 era.” The two primary business units are seeing upward revisions and brighter days are ahead, which should take IAC shares higher near term, the analyst tells investors in a research note.