Needham & Company Maintains a 'Hold' on IAC/InterActiveCorp (IACI); Raising Estimates as 4Q11 Results Exceed Expectations
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Price: $51.38 +1.80%
Rating Summary:
10 Buy, 3 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
10 Buy, 3 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade IACI Now!
Needham & Company maintains a 'Hold' on IAC/InterActiveCorp (NASDAQ: IACI).
Analyst, Kerry Rice, said, "IAC posted strong 4Q11 results, exceeding expectations, as Search accelerated revenue and profitability growth. While increasing mobile search and browser and algorithm changes could negatively impact Search growth, we expect query volume trends to remain strong in the near-term. IAC is still early in its integration of Meetic, leaving execution and integration risk high for 2012. However, Match provides management with a clear guide for success. We are increasing our estimates, but believe shares are near full valuation."
Needham raises FY12 EPS estimate from $2.40 to $2.60. FY12 revs from $2.396 bln to $2.56 bln.
For an analyst ratings summary and ratings history on IAC/InterActiveCorp click here. For more ratings news on IAC/InterActiveCorp click here.
Shares of IAC/InterActiveCorp closed at $45.78 yesterday, with a 52 week range of $28.25-$47.96.
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Analyst, Kerry Rice, said, "IAC posted strong 4Q11 results, exceeding expectations, as Search accelerated revenue and profitability growth. While increasing mobile search and browser and algorithm changes could negatively impact Search growth, we expect query volume trends to remain strong in the near-term. IAC is still early in its integration of Meetic, leaving execution and integration risk high for 2012. However, Match provides management with a clear guide for success. We are increasing our estimates, but believe shares are near full valuation."
Needham raises FY12 EPS estimate from $2.40 to $2.60. FY12 revs from $2.396 bln to $2.56 bln.
For an analyst ratings summary and ratings history on IAC/InterActiveCorp click here. For more ratings news on IAC/InterActiveCorp click here.
Shares of IAC/InterActiveCorp closed at $45.78 yesterday, with a 52 week range of $28.25-$47.96.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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