Jefferies analyst James Heaney CFA initiates coverage on $IAC Inc (IAC.US)$ with a buy rating, and sets the target price at $60.
According to TipRanks data, the analyst has a success rate of 51.6% and a total average return of 19.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $IAC Inc (IAC.US)$'s main analysts recently are as follows:
Following the Q3 report, there are indications that Angi may encounter additional challenges in early 2025. Nevertheless, management has conveyed a sense of confidence for the period following these challenges. Additionally, a potential spin could mitigate the longstanding impact on IAC's equity, which has been in place for seven years.
IAC is contemplating a distribution of its 85% ownership interest in Angi to its shareholders. Concurrently, Angi is in the midst of an operational overhaul, as it saw its revenue decline by more than 15% year-over-year in the third quarter.
The third-quarter outcomes were largely overlooked due to IAC's announcement to spin off Angi Inc., which comprises approximately 28% of IAC's market valuation. This move is seen as an attempt by IAC to release capital for additional value generation. Considering the current negligible valuation of IAC's remaining assets excluding Angi and MGM, the spinoff is perceived as a chance to surface shareholder value from increasingly profitable components such as Dotdash-Meredith.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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富瑞集團分析師James Heaney CFA首次給予$IAC Inc (IAC.US)$買入評級，目標價60美元。
根據TipRanks數據顯示，該分析師近一年總勝率為51.6%，總平均回報率為19.8%。
此外，綜合報道，$IAC Inc (IAC.US)$近期主要分析師觀點如下：
繼第三季度報告之後，有跡象表明Angi可能在2025年初遇到更多挑戰。儘管如此，管理層對這些挑戰之後的這段時期表現出了信心。此外，潛在的分拆可以減輕對IAC股票的長期影響，IAC股票已經存在了七年。
IAC正在考慮將其在Angi的85％所有權分配給其股東。同時，Angi正在進行運營改革，其收入在第三季度同比下降了15％以上。
由於IAC宣佈分拆Angi Inc.，該公司約佔IAC市場估值的28％，第三季度的業績在很大程度上被忽視了。此舉被視爲IAC試圖釋放資金以創造更多價值。考慮到IAC目前不包括Angi和MgM在內的剩餘資產的估值微不足道，分拆被視爲從Dotdash-Meredith等利潤不斷提高的組成部分中暴露股東價值的機會。
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分析師總勝率為近一年分析師的評級成功次數占總評級次數的比率。評级的成功與否，取決於TipRanks的虚擬投資組合是否從該股票中產生正回報。
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