Goldman Sachs lowered the firm’s price target on Angi Inc. to $3 from $4.50 and keeps a Buy rating on the shares. Ahead of the Q4 earnings season, the analyst updated operating estimates and valuations across the firm’s small and mid-cap internet group. Looking to 2024, Goldman sees the potential for returns to be driven by stock-picking based on idiosyncratic fundamentals, as opposed to the bifurcation seen in 2023 where mega-cap names as a group outperformed the rest of the space.
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Read More on ANGI:
- Angi Inc. to Announce Q4 2023 Earnings on February 13th and Host Earnings Conference Call on February 14th
- Angi Inc. expects to achieve full-year adjusted EPS profitability in FY27
- Angi Inc. sees FY24 adjusted EPS (35c)-(42c), consensus (32c)
- Angi Inc. reports Q2 EPS (5c), consensus (7c)
- Angi Inc. price target raised to $3.10 from $2.50 at Citi
