
ANGI Homeservices (ANGI) Stock Forecast & Price Target
ANGI Homeservices (ANGI) Analyst Ratings
Bulls say
Angi Inc has demonstrated a 20% increase in a 26-week retention metric, alongside a significant 40% lift in service provider retention, indicating robust customer engagement and platform loyalty. The company is leveraging a strengthened economy to enhance both the quality of its service requests and the caliber of service professionals, contributing to a stable backlog in the home services vertical. Furthermore, continued improvements in channel optimization and cost savings position Angi favorably for potential margin expansion, while monetized transactions and service professional engagement have exceeded market expectations.
Bears say
Angi Inc. is experiencing a significant decline in service requests, which fell by 23.2% year-over-year, contributing to a 9% decrease in monetized transactions and reflecting ongoing challenges in customer acquisition and retention. The company's revenue outlook is negative, as management anticipates further declines in year-over-year revenue growth rates throughout FY24, with no expectation of a return to growth before 2025. These trends suggest that Angi's reliance on improvements in search engine marketing, search engine optimization, and direct traffic is unlikely to materialize in the near term, undermining the overall financial stability of the company.
This aggregate rating is based on analysts' research of ANGI Homeservices and is not a guaranteed prediction by Public.com or investment advice.
ANGI Homeservices (ANGI) Analyst Forecast & Price Prediction
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