Angi Inc.

Angi's strategic shift toward a fully AI-native product transformation is viewed as a significant long-term opportunity. Truist Securities and Benchmark both maintained Buy ratings, with Benchmark noting the stock trades at a mid-single digit EV/EBITDA multiple, suggesting deep undervaluation relative to the scale of the AI-driven market opportunity.

Citizens analysts warned that Q2 2026 results are unlikely to provide conclusive evidence that the AI pivot is translating into durable revenue acceleration. The removal of quarterly guidance to pursue this transformation has introduced significant near-term uncertainty, making it difficult to assess whether the strategy will deliver sustainable growth.

Homeowner demand remained solid through the first two months of Q1 2026, and Angi's adjusted EBITDA came in approximately $6 million above the high end of guidance in Q1. This suggests the company retains operational efficiency and that early-year demand strength could return as macroeconomic headwinds stabilize.

Demand softened notably in March and April 2026, prompting service professionals to pull back on lead budgets. Citizens reiterated a Market Perform rating, citing ongoing homeowner demand headwinds that continue to weigh on near-term growth, with the stock having already declined 61% over the past year.

With a Price/Book ratio of just 0.28 and the stock trading well below its 52-week high of $19.42, InvestingPro analysis indicates ANGI appears undervalued at current levels. Benchmark reaffirmed a Buy rating with a $14 price target, and Truist Securities also maintained a Buy despite lowering its target to $12, signaling confidence in a recovery.

Goldman Sachs maintained a Neutral rating on Angi while lowering its price target from $10 to $6, reflecting a more cautious outlook. The stock's 61% decline over the past year, combined with the company's decision to remove quarterly guidance, raises concerns about whether current price levels are justified rather than a buying opportunity.