JPMorgan Chase & Co. Initiates Coverage on IAC/InterActiveCorp (IAC)
Equities research analysts at JPMorgan Chase & Co. assumed coverage on shares of IAC/InterActiveCorp (NASDAQ:IAC) in a report issued on Tuesday. The brokerage set an “overweight” rating on the stock.
Several other equities analysts have also recently issued reports on the company. Axiom Securities upped their price objective on IAC/InterActiveCorp from $74.00 to $80.00 and gave the company a “buy” rating in a research report on Friday. Wells Fargo & Co. raised IAC/InterActiveCorp from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $68.08.
Shares of IAC/InterActiveCorp (NASDAQ:IAC) traded down 1.14% during trading on Tuesday, hitting $61.69. The stock had a trading volume of 232,493 shares. The stock’s 50-day moving average price is $59.93 and its 200 day moving average price is $55.47. The firm’s market capitalization is $4.91 billion. IAC/InterActiveCorp has a 1-year low of $38.82 and a 1-year high of $73.15.
IAC/InterActiveCorp Company Profile
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