Cowen & Co. Sticks to Its Buy Rating for IAC/InterActiveCorp

By Jason Carr

Cowen & Co. analyst John Blackledge reiterated a Buy rating on IAC/InterActiveCorp (NASDAQ: IAC) on July 28 and set a price target of $115. The company’s shares closed on Friday at $106.21, close to its 52-week high of $109.80.

According to TipRanks.com, Blackledge is a 5-star analyst with an average return of 15.2% and a 68.8% success rate. Blackledge covers the Technology sector, focusing on stocks such as Match Group Inc, Pandora Media, and Facebook Inc.

Currently, the analyst consensus on IAC/InterActiveCorp is Strong Buy and the average price target is $115.83, representing a 9.1% upside.

In a report issued on July 13, BMO Capital also reiterated a Buy rating on the stock with a $115 price target.

The company has a one year high of $109.80 and a one year low of $56.41. Currently, IAC/InterActiveCorp has an average volume of 787.1K.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock.

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/InterActiveCorp. engages in the provision of media and Internet services. It operates through the following segments: Match Group, HomeAdvisor, Publishing, Applications, Video, and Other. The Match Group segment consists of the Dating and Non-dating businesses.