Citizens JMP Reiterates Market Outperform Rating on ANGI HomeServices (ANGI)

Citizens JMP analyst Nicholas Jones reiterated a Market Outperform rating and $27.50 price target on ANGI HomeServices (NASDAQ: ANGI).

The analyst commented, “Shares of ANGI declined ~6% following its 4Q24 results, likely due to soft revenue guidance as the company continues to face top-line challenges. Intra-quarter, shares have fallen ~32%, with the declines likely exacerbated by broader macro and industry uncertainty related to the current administration's tariff policies. Consequently, ANGI is trading below its 2-year average EV/FY2 EBITDA and EV/FY2 sales multiples. While we anticipate more muted market share gains near term, we believe ANGI is well-positioned to return to sustainable top-line growth, while achieving margin expansion, given the company's strong positioning within the home repair, maintenance, and remodeling market, where matching, booking, and payment processes are increasingly shifting online. From here, we believe investors remain focused on ANGI's top-line trajectory and its timeline for returning to growth. We rate ANGI as Market Outperform with a price target of $27.50, based on an EV/2026E EBITDA multiple of ~8x.”

For an analyst ratings summary and ratings history on ANGI HomeServices click here. For more ratings news on ANGI HomeServices click here.

Shares of ANGI HomeServices closed at $12.12 yesterday.

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