Oppenheimer lowered the firm’s price target on IAC (IAC) to $55 from $60 and keeps an Outperform rating on the shares on higher discount rate reflecting longer timeline for unlocking value via buybacks/MGM sales/Turo monetization. Oppenheimer says it would like IAC to sell some MGM each quarter to fund share repurchase, while considering larger M&A.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IAC:
- IAC price target raised to $41 from $38 at UBS
- IAC price target lowered to $45 from $49 at KeyBanc
- IAC Reports Strong Q2 2025 Performance Amid Rebranding
- IAC Earnings Call: Digital Growth and Strategic Moves
- Buy Rating Affirmed for IAC/InteractiveCorp. Due to Strong Digital Revenue and Attractive Valuation