Analyst Expectations For Angi's Future
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on Angi (NASDAQ:ANGI), with 6 ratings over the last three months showing a shift towards a more bearish sentiment. The average 12-month price target is now $3.76, down from $4.41, with individual analyst actions including both raised and lowered ratings and price targets. Angi's financial performance shows a significant revenue decline, a negative net margin, and a strong ROE and ROA. The company operates in home services and has a lower market capitalization compared to industry peers.
January 16, 2024 | 5:01 pm
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Analysts have a mixed outlook on Angi, with recent downgrades in price targets suggesting a bearish sentiment. The average price target has decreased, indicating potential pressure on the stock price in the short term.
The decrease in the average price target by analysts reflects a bearish sentiment which could lead to a negative impact on Angi's stock price in the short term. The significant revenue decline and negative net margin reported may also contribute to the bearish outlook, despite strong ROE and ROA figures.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100