IAC
Internet content and information is growing each year, and this is a great way to invest in it. IAC Inc. (NASDAQ: IAC) operates as a media and internet company worldwide. It publishes original and engaging digital content in the form of articles, illustrations, videos and images across entertainment, food, home, beauty, travel, health, family, luxury and fashion areas, as well as magazines related to women and lifestyle.
It also operates a digital marketplace that connects home service professionals with consumers for repairing, remodeling, cleaning, landscaping, maintenance, and enhancement services under the Angi Ads, Angi Leads and Angi Services brands. The company operates websites that offer general search services and information, including Ask.com, a search site with a variety of fresh and contemporary content; Reference.com, which offers content across select vertical categories; Consumersearch.com, which offers content designed to simplify the product research process; and Shopping.net, a vertical shopping search site that contains a mix of search services and content targeted to various user or segment demographics, as well as offers direct-to-consumer downloadable desktop applications.
IAC also offers Care.com, an online destination for families to connect with caregivers for their children, aging parents, pets, and homes; develops and provides subscription mobile applications across the communication, language, weather, business, health and lifestyle verticals; a technology-driven staffing platform for flexible W-2 work under the Bluecrew name; a platform to connect health care professionals with job opportunities under the Vivian Health name; The Daily Beast, a website dedicated to news, commentary, culture and entertainment that publishes original reporting and opinion; and production and producer services for feature films for sale and distribution through theatrical releases and video-on-demand services.
Goldman Sachs has set an $83 price target, while the consensus target for IAC stock is $81.77. Thursday’s close at $45.88 over 4% lower for the day.
Lyft
Ride-sharing is another 21st-century invention that has become part of life, and this is a way to be involved. Lyft Inc. (NASDAQ: LYFT) operates multimodal transportation networks that offer riders personalized and on-demand access to various mobility options. It provides Ridesharing Marketplace, which connects drivers with riders; Express Drive, a flexible car rentals program for drivers; Lyft Rentals that provides vehicles for long-distance trips; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.
The company also integrates third-party public transit data into the Lyft app to offer riders various transportation options. In addition, it offers access to autonomous vehicles; centralized tools and enterprise transportation solutions, such as concierge transportation solutions for organizations; Lyft Pink subscription plans; Lyft Pass commuter programs; first-mile and last-mile services; and university safe rides programs.
The $20 Goldman Sachs target price is less than the $23.54 consensus figure. Lyft stock closed on Thursday at $11.35, down almost 5% for the day.
Match
This is another internet dating site that is extremely popular. Match Group Inc. (NASDAQ: MTCH) through its portfolio companies, is a leading provider of digital technologies designed to help people make meaningful connections.
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