Search and Match Trends Stable; Oppenheimer Boosts PT on IAC/InterActiveCopr (IACI)
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Price: $49.00 --0%
Rating Summary:
10 Buy, 3 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 3 | New: 2
Rating Summary:
10 Buy, 3 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 3 | New: 2
Trade IACI Now!
Oppenheimer reiterated an Outperform rating on IAC/InterActiveCorp (NASDAQ: IACI) and raised its price target to $67.00 (from $65.00).
"We remain positive on IACI shares ahead of the company reporting 3Q results on October 24," said analyst Jason Helfstein.
"While intra-quarter data points are limited, we believe Search and Match trends remain stable, with possible margin upside at both segments. More importantly, we expect the Street to raise 2013E EPS to reflect the acquisition of About.com and a more bullish outlook on organic search trends," said Helfstein.
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 $52.73 yesterday, with a 52 week range of $38.46-$55.00.
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"We remain positive on IACI shares ahead of the company reporting 3Q results on October 24," said analyst Jason Helfstein.
"While intra-quarter data points are limited, we believe Search and Match trends remain stable, with possible margin upside at both segments. More importantly, we expect the Street to raise 2013E EPS to reflect the acquisition of About.com and a more bullish outlook on organic search trends," said Helfstein.
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 $52.73 yesterday, with a 52 week range of $38.46-$55.00.
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