Angi Set to Soar: Analyst Sees Market Share Growth and International Expansion Fueling Future Success
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 09 2024
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Source: Benzinga
- Angi Inc. Analyst Coverage: Angi Inc. (ANGI) shares are trading higher as JMP Securities analyst Nicholas Jones initiated coverage with a Market Outperform rating and a price target of $3.25.
- Leading Position in Home Maintenance: The analyst highlights ANGI's leading position in home maintenance, repair, and renovation services.
- Expected Market Share Growth: ANGI is expected to resume growing its market share from 2025 onwards by improving monetization efforts as service requests increase.
- Long-Term Trends Favoring ANGI: Significant long-term trends such as aging homes and affordability considerations are seen as favorable for ANGI, motivating homeowners to renovate instead of relocating.
- International Expansion: While ANGI is expanding internationally, it achieved around $116 million in international revenue in 2023, constituting 8.5% of total revenue, with further growth projected in the coming years.
Analyst Views on EBIZ
Wall Street analysts forecast EBIZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EBIZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 33.158
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Current: 33.158
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
