Oppenheimer Maintains Outperform Rating for IAC/InterActive: Here's What You Need To Know

Oppenheimer has decided to maintain its Outperform rating of IAC/InterActive IAC and lower its price target from $155.00 to $135.00.

Shares of IAC/InterActive are trading up 2.34% over the last 24 hours, at $80.94 per share.

A move to $135.00 would account for a 66.79% increase from the current share price.

About IAC/InterActive

IAC/InterActiveCorp is an Internet media company with segments that include Angi, Dotdash, search, emerging and other. The firm spun off the narrow-moat dating app provider Match Group in second-quarter 2020 and the no-moat video software provider Vimeo in second-quarter 2021.

About Analyst Ratings

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.