Cowen analyst John Blackledge reiterating an Outperform rating and boosted his price target on IAC/InterActiveCorp (NASDAQ: IACI) to $92.00 (from $90.00) following Q2 results.

Blackledge commented, "IACI posted solid 2Q15 results, below we dive into i) the nuances of the 2Q15 Match Dating results ii) Match '15-'16 estimate changes (modestly lower), iii) Plenty of Fish acquisition incremental views, and iv) HomeAdvisor estimate changes '15-'20 (raised revenue and margins). Maintain Outperform, Price Target to $92 from $90, SOTP suggests $110 (midpoint)."

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Shares of IAC/InterActiveCorp closed at $77.70 yesterday.