IAC/InterActiveCorp (IAC) PT Raised to $225 at JPMorgan
- Wall St drops as Meta Platforms, economic data weigh
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steady as US demand concerns balance Middle East conflict risks
- Dollar firmer on higher U.S. inflation; yen sinks vs euro, US currency
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Meta Platforms, IBM, Caterpillar fall premarket; American Airlines, Chipotle rise
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
IAC/InterActiveCorp (IAC) PT Raised to $240 at Cowen After Vimeo Raised Funding at ~$6B Valuation
January 26, 2021 10:32 AM ESTCowen 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