Keybanc analyst Justin Patterson has maintained the rating for IAC at "Overweight." Despite the steady rating, there has been a downward adjustment in the price target for IAC. Previously set at $22.00, the new price target has been lowered by 13.64% to $19.00. This adjustment reflects the latest analysis and expectations for the company's stock performance.
The revised price target for IAC, valued in USD, indicates a strategic reassessment while continuing to anticipate promising growth potential. The decision to maintain the "Overweight" rating suggests that the analyst expects IAC to outperform the average market return over the coming months, even with the reduced price target.
Investors and stakeholders are advised to consider these updates as part of their investment strategies, noting the revised expectations and rating for IAC. The lowering of the price target highlights potential market adjustments while maintaining a positive long-term outlook from Keybanc.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for IAC Inc (IAC, Financial) is $62.92 with a high estimate of $100.00 and a low estimate of $45.00. The average target implies an upside of 75.23% from the current price of $35.91. More detailed estimate data can be found on the IAC Inc (IAC) Forecast page.
Based on the consensus recommendation from 14 brokerage firms, IAC Inc's (IAC, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for IAC Inc (IAC, Financial) in one year is $36.16, suggesting a upside of 0.71% from the current price of $35.905. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the IAC Inc (IAC) Summary page.
