MKM Partners Reiterates Buy on ANGI Homeservices (ANGI)

MKM Partners analyst, Rob Sanderson, reiterated a Buy rating and $21.00 price target on Angie's List (NASDAQ: ANGI). Sanderson remains bullish on the large opportunity to digitize the marketing of local services. He thinks that Internet stock multiples are driven by a large untapped opportunity, rapid growth and strong execution.

Sanderson thinks ANGI will continue to grow at 25% through 2023, the high-end of management’s target and will achieve 33% operating margin that year.

For an analyst ratings summary and ratings history on Angie's List click here. For more ratings news on Angie's List click here.

Shares of Angie's List closed at $17.53 yesterday.

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