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Investing.com - UBS has reduced its price target on IAC/InterActiveCorp (NASDAQ:IAC) to $39.00 from $41.00 while maintaining a Neutral rating following the company’s third-quarter 2025 results. According to InvestingPro data, IAC is currently trading at $32, significantly below both UBS’s target and InvestingPro’s calculated Fair Value, suggesting the stock may be undervalued despite recent challenges.
The firm described IAC’s quarterly performance as "messy" with shortfalls in both the People and Care.com business segments, though it noted management is implementing cost reductions to protect shareholder value. This aligns with InvestingPro data showing the company was not profitable over the last twelve months, with a diluted EPS of -$2.51, though analysts predict IAC will return to profitability this fiscal year.
UBS pointed out that IAC’s stake in MGM and other holdings provides support that likely limits downside risk for the stock from current levels. This assessment is reinforced by IAC’s strong liquidity position, with a current ratio of 2.56 and moderate debt levels (Debt/Equity of 0.3), according to InvestingPro data.
Google Search traffic continues to be a headwind for IAC, but its contribution to sessions has decreased to 24% of the total—less than half of what it was two years ago—suggesting this will be a diminishing drag in 2026.
The investment bank expressed uncertainty about potential growth vectors that could catalyze the stock, stating it would need to see either revitalized growth within IAC’s various businesses or evidence that the market is mispricing the company’s MGM holdings.
In other recent news, IAC/InterActiveCorp announced its third-quarter 2025 earnings, which showed a slight miss on revenue expectations. The company reported earnings per share of -$0.27, which was below the forecasted -$0.25, resulting in an 8% negative surprise. Revenue was reported at $589.8 million, falling short of the anticipated $601.86 million. This earnings report highlighted a valuation discount between current trading levels and the company’s underlying asset value and operating prospects. In response to these developments, Goldman Sachs raised its price target for IAC/InterActiveCorp from $45 to $46, maintaining a Buy rating on the stock. These recent developments reflect ongoing investor interest and potential in the company’s financial and operational outlook.
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