IAC's $48.30 per share non-binding offer for MGM Resorts International triggered a 16% stock surge, with shares trading above the bid price at $50.69. This negative arbitrage spread signals market skepticism about the lowball offer and expectations for a higher bid. The move reflects broader consolidation in gaming, following Tilman Fertitta's $17.6 billion Caesars Entertainment acquisition, driven by investor interest in casino real estate assets and digital gaming platforms like BetMGM.

While the top- and bottom-line numbers for IAC (IAC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

IAC (IAC) delivered earnings and revenue surprises of 18.42% and 0.85%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

IAC's first-quarter 2024 results are expected to bear the brunt of the planned reduction in the circulation of certain publications within the print business.

Beyond analysts' top -and-bottom-line estimates for IAC (IAC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.

In the latest quarter, 6 analysts provided ratings for IAC (NASDAQ:IAC), showcasing a mix of bullish and bearish perspectives. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 4 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 3 1 0 0 Analysts have set 12-month price targets for IAC, revealing an average target of $70.33, a high estimate of $80.00, and a low estimate of $64.00. This upward trend is evident, with the current average reflecting a 3.17% increase from the previous average price target of $68.17. Interpreting Analyst Ratings: A Closer Look The standing of IAC among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Justin Patterson Keybanc Lowers Overweight $64.00 $72.00 Justin Patterson Keybanc Raises Overweight $72.00 $70.00 Kunal Madhukar UBS Raises Neutral $64.00 $60.00 Ross Sandler Barclays Raises Overweight $72.00 $62.00 Youssef Squali Truist Securities Raises Buy $80.00 $77.00 Justin Patterson Keybanc Raises Overweight $70.00 $68.00 Key Insights: Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their ...Full story available on Benzinga.com

IAC (IAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Recently, Zacks.com users have been paying close attention to IAC (IAC). This makes it worthwhile to examine what the stock has in store.

In the latest trading session, IAC (IAC) closed at $51.48, marking a -1.23% move from the previous day.

Amidst the ever-evolving landscape of the car rental industry, Avis Budget's stock poses several risks, such as FOREX risk, slowing growth, and growing competition.

As of Feb. 22, 2024, three stocks in the tech and telecom sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here’s the latest list of major overbought players in this sector. MediaAlpha, Inc. ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler raised the price target for Toast, Inc. (NYSE: TOST) from $18 to $20. Piper Sandler analyst Clarke Jeffries maintained a Neutral rating. Toast shares fell 4.7% to close at $19.20 on Thursday. See how other analysts view this stock. Canaccord Genuity boosted Coinbase Global, Inc. (NASDAQ: COIN) price target from $140 to $240. Canaccord Genuity analyst Joseph Vafi maintained a Buy rating. Coinbase shares gained 3.3% to close at $165.67 on Thursday. See how other analysts view this stock. Needham boosted the price target for AtriCure, Inc. (NASDAQ: ATRC) from $44 to $46. Needham analyst Mike Matson maintained a Buy rating. AtriCure shares rose 5.1% to close at $34.21 on ...