Angi (ANGI – Research Report), the Communication Services sector company, was revisited by a Wall Street analyst today. Analyst Daniel Kurnos from Benchmark Co. maintained a Buy rating on the stock and has a $6.00 price target.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Daniel Kurnos has given his Buy rating due to a combination of factors influencing Angi’s current and future performance. Despite a softer initial guidance for the first quarter, the underlying story of stable EBITDA projections remains intact, suggesting potential for long-term revenue growth. The recent positive revenue performance, with Angi surpassing Street expectations, demonstrates resilience, particularly with service requests declining less than anticipated.
Additionally, Angi’s proactive approach to implementing opt-in changes in line with the previous FCC ruling is expected to enhance user experience, potentially increasing conversion and usage rates. Although this shift may cause short-term volatility, the stabilization anticipated in 2026 paves a clearer path for growth. Kurnos acknowledges the potential volatility in the immediate term due to the spin dynamic but views Angi’s shares as attractive, especially considering their valuation at 6x 2026E EBITDA.
According to TipRanks, Kurnos is a 4-star analyst with an average return of 3.4% and a 47.49% success rate. Kurnos covers the Communication Services sector, focusing on stocks such as IAC/InteractiveCorp., Cineverse, and Zillow Group Class A.
In another report released today, JMP Securities also maintained a Buy rating on the stock with a $2.75 price target.