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Investing.com - Goldman Sachs has raised its price target on IAC/InterActiveCorp (NASDAQ:IAC) to $46.00 from $45.00 while maintaining a Buy rating on the stock. The new target represents a 44% premium to IAC’s current price of $32.00, aligning with the broader analyst consensus that shows an upside potential of 43% and a "Strong Buy" recommendation of 1.54.
The adjustment follows IAC’s Q3 2025 earnings report, where management highlighted the valuation discount between current trading levels and the company’s underlying asset value and operating prospects. InvestingPro data confirms this disconnect, showing IAC trading at just 0.52 times book value and an EV/EBITDA ratio of 0.94, suggesting the stock may be undervalued based on its fundamentals.
IAC emphasized its strategy to build sustained digital revenue growth at People Inc. through content development, diversified traffic sources, and increased programmatic monetization.
The company also disclosed a new AI licensing partnership with Microsoft and ongoing litigation to protect data and content advantages at People Inc., which Goldman Sachs noted could create "upside optionality" from potential legal victories related to ad tech antitrust issues.
IAC reaffirmed its commitment to returning capital to shareholders and narrowing its valuation gap, though management expressed reluctance to pursue mergers and acquisitions given the current valuation environment.
In other recent news, IAC/InterActiveCorp reported its third-quarter 2025 earnings, which missed revenue expectations. The company reported an earnings per share (EPS) of -$0.27, slightly below the forecasted -$0.25, marking an 8% negative surprise. Revenue was reported at $589.8 million, falling short of the anticipated $601.86 million. These results reflect a challenging quarter for the company as it struggled to meet analyst projections. The earnings miss has been a focal point for investors assessing the company’s financial health. While IAC/InterActiveCorp’s earnings report was the most significant recent development, the company’s performance continues to draw attention from analysts and investors alike.
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