- owns more than 150 worldwide brands such as Match Group, ANGI Homeservices, and Vimeo.
- Match Group's Tinder is still in the early innings of monetization.
- Industry tailwinds and long-term international opportunity are favorable for ANGI Homeservices.
ADVERTISEMENT
The majority owner of Tinder and Match is the 'unsung hero of the internet' (IAC, MTCH)
InterActiveCorp will likely to soar 20% to $240 according to Jefferies analysts.
ADVERTISEMENT
"IAC remains a top mid-cap pick and despite recent outperformance we continue to believe the stock is undervalued," the group, led by Brent Thill, said in a note sent out to clients on Monday.
The internet company, with a $15 billion market cap, owns more than 150 brands. Among them are Match Group, which operates several US online dating sites including Tinder, and ANGI Homeservices, the world's largest digital marketplace for home services.
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
Studio Monkey in collaboration with Worldwide FM and Gilles Peterson launches initiative to support grassroot music communities
NexaScale marks one-year milestone with visionary initiatives empowering Africa's youth for the future of work
How Patrice Motsepe-backed GoSolr wants to solve South Africa's power crises
Harsh words for the World Bank from Uganda’s president at the meeting of African leaders
The artificial intelligence boom is real: why are more and more companies incorporating it into their operations?
The US and Uganda partner to combat a deadly enemy
See why ice is now pricier than bread and milk in this African country
8 ingenious tips to merge PDF files more efficiently