IAC price target lowered to $50 from $52 at Truist

Truist analyst Youssef Squali lowered the firm’s price target on IAC (IAC) to $50 from $52 and keeps a Buy rating on the shares after its Q1 results. The company’s earnings and FY26 guide were noisy given the sale of Care.com, upcoming shutdown of Search and one-time costs associated with the transition from a holding company, though with tat said, core IAC shows sustained growth and margins in People Inc. and E&O as the management repositions the business for sustainable growth, the analyst tells investors in a research note.