On Nov 13, major Wall Street analysts update their ratings for $Angi Inc (ANGI.US)$, with price targets ranging from $2 to $3.
Goldman Sachs analyst Eric Sheridan downgrades to a hold rating, and adjusts the target price from $3.5 to $2.5.
Citi analyst Ygal Arounian downgrades to a hold rating, and adjusts the target price from $3.25 to $2.
RBC Capital analyst Brad Erickson maintains with a hold rating, and adjusts the target price from $3.25 to $2.75.
JMP Securities analyst Nicholas Jones CFA maintains with a buy rating, and adjusts the target price from $3.25 to $3.
Furthermore, according to the comprehensive report, the opinions of $Angi Inc (ANGI.US)$'s main analysts recently are as follows:
Angi Inc.'s Q3 results were deemed satisfactory, and despite discussions on the potential spinout of its stake by IAC, the anticipated turnaround for Angi is progressing more slowly than initially anticipated, with its return to growth now projected for 2026. The prospect of a spinout to IAC shareholders could be beneficial, yet there is a desire for clearer insight into the finalization of Angi's product improvements and investments, a process that has proven to be intricate and protracted.
Following Angi Inc.'s third-quarter report, there is contemplation by its majority shareholder regarding the distribution of its substantial ownership stake to its shareholders. Angi is in the midst of an operational overhaul, with its revenue having seen a decline exceeding 15% on an annual basis in the third quarter. The outlook for the company has become more cautious, with revised operating estimates reflecting a more even balance between potential risks and rewards due to reduced clarity on the timeline for resuming positive revenue growth.
Here are the latest investment ratings and price targets for $Angi Inc (ANGI.US)$ from 4 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.