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Investing.com - Truist Securities raised its price target on ANGI Inc (NASDAQ:ANGI) to $28.00 from $25.00 on Thursday, while maintaining a Buy rating on the home services marketplace company. The new target represents significant upside from the current price of $18.86, with InvestingPro analysis indicating the stock is currently undervalued. The company maintains impressive gross profit margins of nearly 95% and has shown strong momentum with a 12.58% return over the past week.
The price target increase follows ANGI’s better-than-expected second-quarter 2025 results and second-half 2025 guidance, which Truist Securities indicates show "gradual progression towards positive revenue growth in FY26" after more than two years of decline. According to InvestingPro, which offers a comprehensive research report on ANGI among 1,400+ US stocks, the company’s financial health score is rated as GOOD, suggesting solid fundamentals despite recent revenue challenges.
Truist Securities notes that ANGI’s anticipated return to year-over-year revenue growth in fiscal year 2026 should be driven by proprietary leads and revenue per lead, potentially yielding positive incremental margins over time.
The firm highlighted product improvements, including the January 2025 launch of "homeowner choice" and ongoing initiatives to enhance both user and professional service provider experiences as positive factors for the company’s future prospects.
Truist Securities described ANGI’s risk/reward profile as "attractive at current levels," suggesting confidence in the company’s strategic direction despite recent revenue challenges.
In other recent news, ANGI Homeservices Inc. reported its second-quarter earnings for 2025, showcasing notable developments in its strategic direction and market standing. The company highlighted a shift towards higher-quality transactions, which has positively influenced its EBITDA and free cash flow, despite a reduction of over $400 million in revenue. UBS responded to these results by raising its price target for ANGI from $20 to $22, maintaining a Neutral rating. The firm’s analysis pointed to a 7% year-over-year increase in Service Requests and a 16% rise in Leads, marking the first growth since early 2021. This growth is attributed to ANGI’s efforts in integrating high-quality service professionals. These recent developments reflect ANGI’s continued focus on enhancing its operational efficiencies and market position.
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