Wells Fargo analyst Peter Stabler maintained a Buy rating on ANGI Homeservices Inc (NASDAQ: ANGI) today and set a price target of $21. The company’s shares closed yesterday at $18.19, close to its 52-week high of $18.39.
Stabler observed:
“We maintain our Outperform rating and lift our target price to $21 based on our raised FY’18/FY’19 pro-forma adj EBITDA estimates (+1%/+0.4%) and view that deal-related synergy targets appear conservative.”
According to TipRanks.com, Stabler is a top 100 analyst with an average return of 33.7% and a 82.6% success rate. Stabler covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Match Group Inc, and Yelp Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for ANGI Homeservices Inc with a $17.25 average price target, implying a -5.2% downside from current levels. In a report released yesterday, BMO Capital also reiterated a Buy rating on the stock with a $19 price target.
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The company has a one-year high of $18.39 and a one-year low of $10.24. Currently, ANGI Homeservices Inc has an average volume of 580.5K.
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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.
