IAC/InterActiveCorp (IAC) Gets a Buy Rating from Wells Fargo

Wells Fargo analyst Brian Fitzgerald maintained a Buy rating on IAC/InterActiveCorp (IACResearch Report) today. The company’s shares closed last Monday at $219.11.

According to TipRanks.com, Fitzgerald is a top 25 analyst with an average return of 34.6% and a 79.6% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as Uber Technologies, Match Group, and Pinterest.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for IAC/InterActiveCorp with a $291.40 average price target, a 32.2% upside from current levels. In a report issued on October 31, Barclays also maintained a Buy rating on the stock with a $260.00 price target.

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IAC/InterActiveCorp’s market cap is currently $18.61B and has a P/E ratio of 39.19. The company has a Price to Book ratio of 6.23.

Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is neutral 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 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.