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Angie's List Jumps 14.38% Following Raymond James Upgrade

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Raymond James analyst Aaron Kessler upgraded Angie's List (NASDAQ: ANGI) from Outperform to Strong Buy and maintained a $23.00 price target.

Kessler expects sales productivity and net ads to improve in early 2014. The analyst added that management indicated that recent slowdown in service provider (SP) additions was due to sales compensation changes rather than a SP churn issue. Raymond James also commented on the recent consumer survey which indicated that Angie's List remains well positioned competitively.

The analyst reported that Angie's List valuation remains attractive versus it's peers.

Angie's List closed at $13.70 on Wednesday. Shares gained 9.5% in pre-market trading and have traded as high as $15.67, up 14.38%.

Latest Ratings for ANGI

DateFirmActionFromTo
Jul 2015Northland SecuritiesUpgradesUnderperformMarket Perform
Jun 2015Topeka CapitalInitiates Coverage onHold
Apr 2015Northland SecuritiesDowngradesMarket PerformUnderperform

View More Analyst Ratings for ANGI
View the Latest Analyst Ratings

Posted-In: Aaron Kessler Raymond JamesAnalyst Color Upgrades Price Target Reiteration Analyst Ratings

 

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