Analysts Offer Insights on Technology Companies: IAC/InterActiveCorp (NASDAQ: IAC) and Mimecast Ltd (NASDAQ: MIME)

By Ryan Adsit

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on IAC/InterActiveCorp (NASDAQ: IAC) and Mimecast Ltd (NASDAQ: MIME) with bullish sentiments.

IAC/InterActiveCorp (NASDAQ: IAC)

In a report issued on October 9, Brent Thill from Jefferies reiterated a Buy rating on IAC/InterActiveCorp (NASDAQ: IAC), with a price target of $135. The company’s shares closed yesterday at $125.95, close to its 52-week high of $126.38.

According to TipRanks.com, Thill is a top 100 analyst with an average return of 15.8% and a 75.1% success rate. Thill covers the Technology sector, focusing on stocks such as Endurance International, Nuance Communications, and Cornerstone Ondemand.

Currently, the analyst consensus on IAC/InterActiveCorp is Strong Buy and the average price target is $136, representing a 8.0% upside.

In a report issued on October 3, Piper Jaffray also reiterated a Buy rating on the stock with a $160 price target.
Mimecast Ltd (NASDAQ: MIME)

In a report issued on October 10, John Difucci from Jefferies reiterated a Buy rating on Mimecast Ltd (NASDAQ: MIME), with a price target of $35. The company’s shares closed yesterday at $29.97, close to its 52-week high of $30.10.

According to TipRanks.com, Difucci is a top 25 analyst with an average return of 18.2% and a 77.1% success rate. Difucci covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Callidus Software, and CommVault Systems.

Mimecast Ltd has an analyst consensus of Strong Buy, with a price target consensus of $32.20.

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