SunTrust Robinson analyst Youssef Squali maintained a Buy rating on ANGI Homeservices Inc (ANGI) yesterday and set a price target of $20. The company’s shares closed yesterday at $14.90, close to its 52-week low of $13.80.
Squali noted:
“We hosted ANGI Ridenour, as well as IAC/ ANGI’s SVP of Finance and investor relations, Mark Schneider at our 6th annual internet and digital media conference for a fireside chat. Large and Growing TAM. One of the key figure highlighting the opportunity of ANGI’s is the $400-800B home services total addressable market, which 90% of activity is still brokered offline. ANGI is focusing on removing as many of the friction points as possible in finding someone to do the work, schedule an appointment, and get them to show up. While the overall market is growing in the single digits annually, the shift to online from offline is occurring at a much faster rate.”
According to TipRanks.com, Squali is a top 100 analyst with an average return of 23.9% and a 71.2% success rate. Squali covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Match Group Inc, and Trade Desk Inc.
ANGI Homeservices Inc has an analyst consensus of Strong Buy, with a price target consensus of $20.67, a 38.7% upside from current levels. In a report issued on May 9, Oppenheimer also maintained a Buy rating on the stock with a $20 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $23.95 and a one-year low of $13.80. Currently, ANGI Homeservices Inc has an average volume of 1.07M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
ANGI Homeservices, Inc. is a holding company, which engages in the provision of digital marketplace for home services. It operates through the North America and Europe segments. It offers consumer services and service professional services. The company was founded on April 13, 2017 and is headquartered in Golden, CO.
