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. This adjustment reflects a more conservative valuation of ANGI's future prospects while still maintaining a positive outlook on the stock.

January 22, 2024 | 12:35 pm
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Goldman Sachs has lowered the price target for Angi to $3 while maintaining a Buy rating, indicating a positive yet more cautious stance on the company's stock.
The reduction in price target by a major analyst like Goldman Sachs typically suggests a recalibration of expectations, possibly due to slower growth or market challenges. However, maintaining a Buy rating indicates that the analyst still sees potential upside, albeit less than previously estimated. This could lead to a mixed short-term reaction in the stock price as the market digests the lower price target against the backdrop of a continued endorsement of the stock's value.
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