Internet properties operator IAC/InterActiveCorp. (IAC) on Thursday received some positive commentary from analysts at Oppenheimer & Co.
The firm reiterated its “Outperform” rating on IACI and lifted its price target to $67. That new target suggests a 27% upside to the stock’s Wednesday closing price of $52.73.
Oppenheimer also lifted its earnings estimates for the company, citing numerous catalysts that could positively impact the company’s bottom line in coming quarters.
IAC/InterActiveCorp shares were mostly flat in premarket trading Thursday.
The Bottom Line
Shares of IAC/Interactive (IACI) have a 1.82% dividend yield, based on last night’s closing stock price of $52.73. The stock has technical support in the $48-$50 price area. If the shares can firm up, we see overhead resistance around the $54-$57 price levels.
IAC/InterActiveCorp. (IAC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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