Angi Inc. price target raised to $27 from $6 at Benchmark

Benchmark raised the firm’s price target on Angi Inc. (ANGI) to $27 from $6 and keeps a Buy rating on the shares. The firm, which argues that it “was only a matter of time before Angi put up a quarter that reminded everyone the stock was not going to zero,” thinks Angi offers “a well-capitalized, clearly defined catalyst name that still trades at a massive discount.” Even if two-thirds of the on-platform spend is considered non-discretionary, expectations and sentiment remains so low that “the risk-reward continues to look very compelling,” the analyst added.