Oppenheimer Sticks to Its Buy Rating for ANGI Homeservices Inc (ANGI)

Oppenheimer analyst Jason Helfstein reiterated a Buy rating on ANGI Homeservices Inc (ANGI) today and set a price target of $21. The company’s shares closed yesterday at $17.89.

Helfstein commented:

“We are raising our target to $21 (was $20) and reiterating our Outperform rating after ANGI reported better 3Q18 revenues and is now targeting 2019 growth of 25% vs. “exiting at 25% growth.” While 2019E EBITDA margins likely flat to +100 bps on increased S&M, mgmt. is focused on expanding first-mover advantage in this two- sided marketplace. The Handy acquisition adds “instant book” channel for lower- cost, standardized projects, such as furniture assembly, house cleaning and appliance installation; Handy has successfully partnered with leading retailers such as through check-out process. Target assumes 7.8x ’19E sales, in line with peers (CARG, with comparable long-term growth.”

According to, Helfstein is a top 100 analyst with an average return of 15.7% and a 60.5% success rate. Helfstein covers the Technology sector, focusing on stocks such as Endurance International, IAC/InterActiveCorp, and Match Group Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for ANGI Homeservices Inc with a $23.80 average price target.

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The company has a one-year high of $23.95 and a one-year low of $10.24. Currently, ANGI Homeservices Inc has an average volume of 922.1K.

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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.