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Fly News Breaks for October 11, 2018
IAC
Oct 11, 2018 | 08:53 EDT
After recent meetings with the management team at Dotdash, Benchmark analyst Daniel Kurnos believes the company could "easily" be closing in on a $1B valuation on a standalone basis and remains an undervalued story within core IAC. The analyst, who sees Dotdash having meaningful runway in its multi-billion dollar total addressable market across its verticals while remaining profitable, raised his price target on IAC to $260 and keeps a Buy rating on the parent company's shares.
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