JPMorgan has revised its price target for IAC (IAC, Financial), decreasing it from $60 to $45 while maintaining an Overweight rating on the company's shares. This update comes as part of a broader strategy adjustment due to macroeconomic and tariff-related uncertainties affecting small to mid-cap internet and video game companies.
In anticipation of the first-quarter earnings reports, JPMorgan has reevaluated its forecasts, including revenue projections, for companies with significant exposure to these risks. The revenue estimates have been lowered by up to 5%, with the most substantial adjustments applied to those entities directly impacted by tariffs and macroeconomic challenges.
