The stock of IAC InterActiveCorp (NASDAQ:IAC) hit a new 52-week high and has $94.70 target or 39.00% above today’s $68.13 share price. The 7 months bullish chart indicates low risk for the $5.48 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $94.70 price target is reached, the company will be worth $2.14 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 106,467 shares traded hands. IAC InterActiveCorp (NASDAQ:IAC) has risen 42.44% since April 19, 2016 and is uptrending. It has outperformed by 38.58% the S&P500.
IAC InterActiveCorp (NASDAQ:IAC) Ratings Coverage
Out of 15 analysts covering InterActiveCorp (NASDAQ:IAC), 13 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 87% are positive. InterActiveCorp has been the topic of 19 analyst reports since February 4, 2016 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Tuesday, June 7 by BMO Capital Markets. On Thursday, February 4 the stock rating was maintained by Benchmark with “Buy”. The stock of IAC InterActiveCorp (NASDAQ:IAC) earned “Buy” rating by UBS on Thursday, February 4. Barclays Capital maintained it with “Overweight” rating and $67 target price in Thursday, February 4 report. The firm has “Buy” rating given on Friday, November 18 by Aegis Capital. The company was maintained on Thursday, February 4 by RBC Capital Markets. The rating was upgraded by Wells Fargo on Tuesday, September 20 to “Outperform”. The stock of IAC InterActiveCorp (NASDAQ:IAC) has “Buy” rating given on Friday, November 4 by Benchmark. Oppenheimer maintained the shares of IAC in a report on Thursday, February 4 with “Outperform” rating. Needham maintained the stock with “Buy” rating in Thursday, February 4 report.
According to Zacks Investment Research, “IAC is a leading media and Internet company. It is organized into four segments: The Match Group, which consists of dating, education and fitness businesses with brands such as Match.com, OkCupid, Tinder, The Princeton Review and DailyBurn; Search & Applications, which includes brands such as About.com, Ask.com, Dictionary.com and Investopedia; Media, which consists of businesses such as Vimeo, Electus, The Daily Beast and CollegeHumor; and eCommerce, which includes HomeAdvisor and ShoeBuy. IAC’s brands and products are among the most recognized in the world reaching users in over 200 countries. The Company is headquartered in New York City and has offices worldwide.”
More notable recent IAC InterActiveCorp (NASDAQ:IAC) news were published by: Prnewswire.com which released: “Class Action Lawsuit Alleges RICO Violations By IAC/InteractiveCorp (NASDAQ …” on November 17, 2016, also Nytimes.com with their article: “DealBook|IAC/InterActiveCorp Offers to Buy Angie’s List” published on November 11, 2015, Reuters.com published: “BRIEF-IAC/InteractiveCorp – homeadvisor agreed to acquire controlling inte…” on October 10, 2016. More interesting news about IAC InterActiveCorp (NASDAQ:IAC) were released by: Marketwatch.com and their article: “IAC to make another bid for Angie’s List, sources say” published on February 03, 2016 as well as Seekingalpha.com‘s news article titled: “IAC/InterActiveCorp: More Than Meets The Eye” with publication date: July 01, 2016.
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