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RBC Capital Sticks to Its Hold Rating for Angi (ANGI)

Tipranks - Tipranks - Tue Feb 17, 8:03PM CST

RBC Capital analyst Brad Erickson maintained a Hold rating on Angi on February 13 and set a price target of $12.00. The company’s shares closed last Friday at $8.10.

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Erickson covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Zillow Group Class A. According to TipRanks, Erickson has an average return of 18.9% and a 53.46% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Angi with a $14.17 average price target, implying a 74.94% upside from current levels. In a report released on February 12, TipRanks – Anthropic also reiterated a Hold rating on the stock with a $12.00 price target.

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Based on Angi’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $240.77 million and a net profit of $7.22 million. In comparison, last year the company earned a revenue of $267.87 million and had a GAAP net loss of $1.29 million

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