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IAC/InterActiveCorp (IAC) PT Raised to $225 at JPMorgan

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IAC/InterActiveCorp (IAC) PT Raised to $240 at Cowen After Vimeo Raised Funding at ~$6B Valuation

January 26, 2021 10:32 AM EST

Cowen analyst John Blackledge raised the price target on IAC/InterActiveCorp (NASDAQ: IAC) to $240.00 (from $180.00) while maintaining a Outperform rating after Vimeo raised $300MM in equity funding at an ~$6BN valuation.

"We raised our 4Q20 estimates based on IACs monthly reporting... More