TD Cowen Reiterates Buy Rating on IAC/InterActiveCorp (IAC)

TD Cowen analyst John Blackledge reiterated a Buy rating and $78.00 price target on IAC/InterActiveCorp (NASDAQ: IAC).

The analyst commented, "We hosted a discussion with Chris Halpin, CFO & COO of IAC as part of our '24 TMT Conf. The discussion centered on i) Dotdash Meredith rev trajectory; ii) The impact of the new OpenAI partnership; iii) DDM Profitability; and iv) ANGI's new CEO and financial expectations. IAC shares are trading at 3.8x EV/EBITDA (x-ANGI, MGM & other stakes), attractive in our view. Maintain Buy rating and $78 PT."

For an analyst ratings summary and ratings history on IAC/InterActiveCorp click here. For more ratings news on IAC/InterActiveCorp click here.

Shares of IAC/InterActiveCorp closed at $50.07 yesterday.

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