BUZZ-Truist cuts PT on Angi on slower turnaround

Angi Inc Class A -0.58%
IAC Inc. -0.43%

Angi Inc Class A

ANGI

6.85

-0.58%

IAC Inc.

IAC

39.80

-0.43%

** 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