| Forbes.com, Winter, 2011. This article was placed on behalf of the U.S. based equity research effort of institutional broker and investment bank Canaccord Genuity. It was part of a series of articles developed under an agreement with forbes.com to work with a variety of contributors and assist them in delivering actionable investment ideas each week. The site, forbes.com is one of the top 500 sites in the world with nearly 10 million subscribers and approximately 100 million page views a month. |
Canaccord Internet-tech analyst Michael Graham initiated on IAC (IACI) earlier this week with a BUY rating and $55 price target. Mr. Graham said:
“Search segment growth should remain strong as the Mindspark Toolbar [offering highly consumable interactive content] business grows in the mix to offset slower-growth Ask.com.”
He added, “The Match (online dating) segment should see continued growth. Margins will be compressed in the near term from the Meetic acquisition, but should expand significantly in H2/12 and 2013.”
