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, 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.

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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.