BUZZ-Truist cuts PT on Angi on slower turnaround

Reuters
Yesterday
BUZZ-Truist cuts PT on Angi on slower turnaround

** Truist cuts PT on home services platform Angi ANGI.O to $17 from $23, which is still 84.7% upside to stock's last close

** "1Q/FY26 guide show that Angi is one-to-two quarters behind on its turnaround plans to get revenue growth to pivot positive again," brokerage says

** Management forecast revenue decline of 1% to 3% Y/Y and adjusted EBITDA of $15 million to $17 million for 1Q26

** Co late Tuesday posted Q4 revenue of $240.8 million below analysts' estimates of $$243.9 million - data compiled by LSEG

** Including session's move, ANGI down 46.8% in last 12 months

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com;))

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