IAC/InterActiveCorp (IAC) Received its Third Buy in a Row

By Carrie Williams

After Cowen & Co. and Barclays gave IAC/InterActiveCorp (NASDAQ: IAC) a Buy rating last month, the company received another Buy, this time from SunTrust Robinson. Analyst Youssef Squali maintained a Buy rating on IAC/InterActiveCorp today. The company’s shares closed on Friday at $236.77, close to its 52-week high of $246.55.

According to TipRanks.com, Squali is a top 100 analyst with an average return of 25.9% and a 71.8% success rate. Squali covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, Uber Technologies Inc, and Match Group Inc.

Currently, the analyst consensus on IAC/InterActiveCorp is a Strong Buy with an average price target of $286.27, which is a 20.9% upside from current levels. In a report issued on July 31, Cowen & Co. also maintained a Buy rating on the stock with a $290 price target.

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The company has a one-year high of $246.55 and a one-year low of $151.60. Currently, IAC/InterActiveCorp has an average volume of 693.4K.

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IAC/InterActiveCorp. engages in the provision of media and Internet services. It operates through the following business segments: Match Group, ANGI Homeservices, Vimeo, Dotdash, Applications and Emerging & Other. The Match Group segment provides dating products, operating a portfolio of several brands, including Match, Tinder, PlentyOfFish, and OkCupid.