Truist Financial analyst Youssef Squali maintains $IAC Inc (IAC.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 53.8% and a total average return of 11.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $IAC Inc (IAC.US)$'s main analysts recently are as follows:
IAC is confronting an additional challenge in early 2025, yet the management's confidence seems unwavering for the period following. Moreover, a prospective spin could alleviate the seven-year overhang that has been affecting IAC's stock value.
IAC's contemplation of distributing its 85% stake in Angi to its shareholders comes amidst the backdrop of an operational turnaround for Angi, which has seen its revenue decline by over 15% year-over-year in the third quarter.
The third-quarter outcomes were primarily eclipsed by IAC's strategy to divest Angi Inc., which accounts for approximately 28% of IAC's market capitalization. This move is seen as an attempt by IAC to liberate capital for additional value creation. Considering that the value of IAC's remaining assets excluding Angi and MGM is perceived to be nearly negligible, the divestiture is regarded as a chance to release shareholder value from prospering profitable entities like Dotdash-Meredith.
Note:
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