On Nov 13, major Wall Street analysts update their ratings for $IAC Inc (IAC.US)$, with price targets ranging from $61 to $110.
Goldman Sachs analyst Eric Sheridan maintains with a buy rating, and adjusts the target price from $67 to $61.
Barclays analyst Ross Sandler maintains with a buy rating, and adjusts the target price from $70 to $66.
TD Cowen analyst John Blackledge maintains with a buy rating, and adjusts the target price from $82 to $77.
Truist Financial analyst Youssef Squali maintains with a buy rating.
JMP Securities analyst Nicholas Jones CFA maintains with a buy rating, and maintains the target price at $70.
Furthermore, according to the comprehensive report, the opinions of $IAC Inc (IAC.US)$'s main analysts recently are as follows:
IAC is contending with a new challenge that will emerge in early 2025. Despite this, management appears to be optimistic about the period following this challenge, with a potential spin-off serving to alleviate the prolonged seven-year concerns associated with IAC equity.
IAC is contemplating a spin-off of its considerable 85% ownership in Angi to its shareholders. Meanwhile, Angi is in the midst of an operational overhaul, with its revenue experiencing a decline of over 15% year-over-year in the third quarter.
Third-quarter revenue for IAC was marginally above estimates, bolstered by modest outperformance in Search Dotdash and Emerging segments. Additionally, the company is exploring the possibility of divesting its Angi division.
Here are the latest investment ratings and price targets for $IAC Inc (IAC.US)$ from 6 analysts:
Note:
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