Citi analyst Ygal Arounian raised the firm’s price target on IAC (IAC) to $58 from $56 and keeps a Buy rating on the shares as part of a Q4 earnings preview. The firm looks for Q4 results and fiscal 2025 guidance in-line for IAC as focus shifts to understanding impacts from the Angi spin and leadership changes. Citi cites a higher Angi valuation for the increased target on IAC. The firm raised its Angi target price to $2.00 from $1.70 to reflect the improved visibility around the timing of its spin-out.
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