IAC (IAC) Stock: $161 Price Target From Credit Suisse

By Amit Chowdhry ● Nov 25, 2021
  • The shares of IAC (NASDAQ: IAC) have received a price target of $161 from Credit Suisse. These are the details.

The shares of IAC (NASDAQ: IAC) have received a price target of $161 from Credit Suisse. And Credit Suisse analyst Yoni Yadgaran increased the price target on the company from $155 while maintaining an “Outperform” rating on the shares. Yadgaran cited the company’s quarterly results as a reason for the adjusted price target.

The company had reported $924.1 million in revenue for Q3 2021, which is up from $713.2 in the same period a year earlier. And the operating loss was narrowed to $32.1 million from $122.1 million a year earlier.  Net earnings for the quarter was $60.7 million, which is down from $184.9 million during the same period a year earlier.

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