Canaccord Genuity Maintains a 'Buy' on IAC/InterActiveCorp (IACI); Search Continues To Surprise

Canaccord Genuity maintains a 'Buy' on IAC/InterActiveCorp (NASDAQ: IACI) price target raised from $55 to $60.

Analyst, Michael Graham, said, "IAC reported strong Q1 results driven by strength in Search across all three sub-segments that we believe is sustainable for the medium term. We believe Search revenue guidance will prove conservative, and continue to believe IAC stock represents a compelling combination of growth and capital returns at an attractive valuation."

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 $50.36 yesterday.

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