TD Cowen analyst John Blackledge maintained a Buy rating on IAC/InteractiveCorp. today and set a price target of $60.00.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
John Blackledge has given his Buy rating due to a combination of factors that underscore IAC’s underlying strengths despite headline revenue declines. He notes that overall fourth-quarter revenue matched expectations, with robust digital growth at People Inc. offsetting weakness in legacy print and search operations. Management’s 2026 outlook calls for solid mid- to high-single-digit percentage growth in People’s digital revenue and a return to growth at Care.com, which supports a constructive view on the company’s core operating trajectory. While search remains pressured by AI-related changes and evolving Google contracts, Blackledge views the strong expansion in off-platform engagement at People Inc. as evidence that the business is successfully adapting to shifting traffic patterns.
In addition, Blackledge highlights management’s sharpened focus on its key assets, particularly People Inc. and the MGM stake, as a positive driver of long-term value. The company’s move to build differentiated products around the People brand and to grow audiences across platforms such as Instagram, Apple News, and YouTube is seen as a strategic advantage in an AI-disrupted environment. He also underscores the strategic appeal of MGM, which benefits from resilient live entertainment demand in Las Vegas and growth optionality from new international developments, including the planned Japan property. Finally, expected reductions in corporate overhead as IAC streamlines its portfolio, together with a maintained $60 price target, support his view that the shares offer attractive upside potential, justifying the Buy rating.
Blackledge covers the Communication Services sector, focusing on stocks such as Alphabet Class C, Meta Platforms, and Netflix. According to TipRanks, Blackledge has an average return of 13.4% and a 57.11% success rate on recommended stocks.