$Angi Inc (ANGI.US)$-- the company formerly known as Angie's List – rose nearly 20% after hours Monday after parent firm$IAC Inc (IAC.US)$disclosed that its board has approved plans to spin the business off. ANGI gained 17.9% to $1.84 shortly before 4:30 p.m. ET on news of the spin-off, which had reportedly been under consideration for years. The after-hours rally came after Angi hit a $1.49 a...
Piper Sandler's Thomas Champion values IAC's assets at $68 a share, 20% above current level, suggesting the stock is undervalued. He believes IAC's strategy of asset trading could spur further growth.
Analysts downgrade IAC Inc.'s revenue estimates for next year, implying potential underperformance compared to the wider industry. The consensus price target suggests no major changes in the business's intrinsic value.
CEO Joey Levin is satisfied with the company's performance, noting a stronger than expected year-end. He suggests that IAC's market capitalization equal to its cash and holdings implies the rest of the business is undervalued.
The company's debt usage is worrisome due to its negative EBIT and falling revenue. Its balance sheet is weak, making it a risky investment. However, it's believed that IAC could raise sufficient capital if needed.
IAC's high beta indicates future volatility; its price could drop or rise. Negative growth outlook adds risk, and current valuation suggests limited upside. Near-term growth is not a buy driver. Uncertainty surrounds the best time to acquire IAC shares.
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.
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