Oppenheimer Maintains an 'Outperform' on IAC/InterActiveCorp (IACI); On Track for Another Strong Quarter
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Price: $50.68 -2.86%
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Oppenheimer maintains an 'Outperform' on IAC/InterActiveCorp (NASDAQ: IACI) price target raised from $58 to $60.
Oppenheimer analyst said, "We believe IACI shares are poised to continue their outperformance based on strong traffic/search metrics, leverage to emerging trends in mobile, social, local and video; and attractive relative valuation. Ask.com appears to be trending up double-digits in 1Q. Online dating offers growth through mobile and untapped monetization opportunities. Crowded Room and Vimeo utilize emerging mobile and video platforms. Local assets continue to be undervalued. We view IACI shares as inexpensive, trading at 1.6x sales vs. 4.6x for its consumer Internet peers, with sales growth of 14% vs. peers at 27%."
Oppenheimer raises Q1 EPS estimate from $0.46 to $0.49 and Q2 from $0.62 to $0.69.
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 $48.82 yesterday.
Oppenheimer analyst said, "We believe IACI shares are poised to continue their outperformance based on strong traffic/search metrics, leverage to emerging trends in mobile, social, local and video; and attractive relative valuation. Ask.com appears to be trending up double-digits in 1Q. Online dating offers growth through mobile and untapped monetization opportunities. Crowded Room and Vimeo utilize emerging mobile and video platforms. Local assets continue to be undervalued. We view IACI shares as inexpensive, trading at 1.6x sales vs. 4.6x for its consumer Internet peers, with sales growth of 14% vs. peers at 27%."
Oppenheimer raises Q1 EPS estimate from $0.46 to $0.49 and Q2 from $0.62 to $0.69.
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 $48.82 yesterday.
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