Angie's List (ANGI) PT Raised to $13 at Needham & Company After Conference Presentation

Needham & Company analyst Brad Erickson raised the price target on Angie's List (NASDAQ: ANGI) to $13.00 (from $11.00) after hosting Glenn Schiffman, IAC's CFO at the Needham Virtual Tech & Media conference where commentary suggested that pricing and ROI are holding up through the COVID period.

The analyst maintained a Buy rating, stating "fixed price commentary was in-line with previous commentary and while Schiffman maintained his cautiousness around the macro, we believe this commentary bodes well for continued recovery that proved better-than-feared in Q1. We raise our PT to $13 from $11 as it's no time to under appreciate ANGI's somewhat counter-cyclical exposure to COVID given WFH/SAM trends and remain Buy-rated on the name".

You May Also Be Interested In

• CIBC Upgrades National Bank of Canada (NA:CN) (NTIOF) to Outperformer
• CIBC Downgrades Bank of Montreal (BMO:CN) (BMO) to Neutral
• Needham Reiterates Buy Rating on DocGo (DCGO)