Goldman Sachs Maintains Buy on Angi, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan has reaffirmed a Buy rating on Angi (NASDAQ:ANGI) but reduced the price target from $4.5 to $3.

January 19, 2024 | 1:29 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Buy rating on Angi but lowers the price target from $4.5 to $3, indicating a potential downside compared to the previous target.
The reduction in price target by a major analyst like Goldman Sachs suggests a reassessment of Angi's future price potential, which could lead to short-term negative sentiment among investors. However, the maintenance of a Buy rating indicates a belief in the company's long-term value, potentially mitigating the negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100