6 Analysts Have This To Say About IAC
Portfolio Pulse from Benzinga Insights
6 analysts have updated their ratings and price targets for IAC (NASDAQ:IAC), showing a mix of bullish and bearish perspectives. The average 12-month price target is now $70.33, up from $68.17, indicating a positive outlook. Key analysts from firms like Keybanc, UBS, Barclays, and Truist Securities have adjusted their ratings, reflecting changes in market conditions and IAC's performance. Despite facing a revenue decline of -15.12% as of December 31, 2023, IAC maintains strong profitability indicators such as a net margin of 30.11%, ROE of 5.39%, and ROA of 3.12%, outperforming industry averages.
May 03, 2024 | 7:00 pm
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POSITIVE IMPACT
IAC receives mixed analyst ratings with an updated average 12-month price target of $70.33, indicating a positive sentiment. Despite a recent revenue decline, strong profitability metrics suggest resilience.
The updated analyst ratings and increased price target reflect a positive outlook for IAC, despite its recent revenue decline. The strong profitability metrics, such as net margin, ROE, and ROA, suggest that the company is managing its resources efficiently and maintaining financial health, which could support a positive short-term price movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100