Skip to main content

Market Overview

UPDATE: Benchmark Raising Its Price Target On IAC/InterActiveCorp (IACI)

Share:

Benchmark Capital is raising its price target on shares of IAC/InterActiveCorp (NASDAQ: IACI) to $34 from $31, but remains the rating at Hold.

In a note to clients, Benchmark writes, "IAC's operational performance has improved steadily. IAC is likely to make further progress due to the operational focus of new CEO Greg Blatt which could help Service Magic (SM). Losses from developing properties should also recede. We view IAC as possessing solid but not compelling assets and operating momentum. We lift our price target from $31 to $34 per share. Our rating remains Hold."

Shares of IACI lost 2 cents yesterday to close at $30.60, a loss of 0.07%.

 

Related Articles (IACI + SM)

View Comments and Join the Discussion!

Posted-In: Benchmark CapitalAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
SEDGB of A SecuritiesMaintains411.0
PTLOPiper SandlerMaintains28.0
AOUTLake StreetMaintains26.0
RAPTPiper SandlerMaintains52.0
OCXLake StreetMaintains6.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com