Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
On CNBC's Fast Money, David Seaburg spoke about IAC/InterActiveCorp (NASDAQ:IAC). He thinks it's going higher and he expects it to reach $100.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Seaburg thinks the stock has been misunderstood for the last six months to a year. He believes its home advisor business segment is its key asset, because of its high growth. Seaburg also sees stabilization signs in IAC/InterActiveCorp's search franchise, after the company re-negotiated its deal with Google. He added that the stock is very correlated to Match Group Inc(NASDAQ:MTCH), because it owns 85 percent of Match.com.
IAC/InterActiveCorp has better growth than its competitors, thinks Seaburg. He also said if you take only EBITDA from the home advisor segment, the stock trades at roughly the same EV/EBITDA multiple as Angie's List Inc (NASDAQ:ANGI), which makes it more attractive to the competition, because with an investment in IAC/InterActiveCorp, investors get its other segments for free.