RBC Capital analyst Brad Erickson has revised the price target for Angi Inc. (ANGI, Financial), reducing it from $27.50 to $17. Despite this adjustment, the firm maintains a Sector Perform rating on the company's shares. This change comes in the wake of Angi's recent 1:10 stock split.
The decision to lower the target price also reflects concerns over softer consumer sentiment, as indicated by recent evaluations of small to medium businesses. Additionally, Erickson points out a heightened potential for broader economic challenges that could impact Angi's performance.
Investors are being advised about these developments as part of a broader assessment of the company's market position and future outlook amidst changing macroeconomic conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Angi Inc (ANGI, Financial) is $27.64 with a high estimate of $60.00 and a low estimate of $17.00. The average target implies an upside of 121.14% from the current price of $12.50. More detailed estimate data can be found on the Angi Inc (ANGI) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Angi Inc's (ANGI, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Angi Inc (ANGI, Financial) in one year is $17.64, suggesting a upside of 41.12% from the current price of $12.5. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Angi Inc (ANGI) Summary page.
