Truist Securities Maintains Buy on IAC, Raises Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Youssef Squali has maintained a Buy rating on IAC (NASDAQ:IAC) and increased the price target from $80 to $87.
May 10, 2024 | 5:15 pm
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Truist Securities has reaffirmed its Buy rating on IAC and raised the price target to $87, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Youssef Squali suggests a strong confidence in IAC's future performance. Such endorsements typically lead to positive short-term price movements as they reflect expectations of strong financial health or growth prospects.
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IMPORTANCE 90
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