In a report published Thursday, Deutsche Bank analyst Lloyd Walmsley reiterated a Hold rating and $7.00 price target on Angie's List Inc. ANGI.
In the report, Deutsche Bank noted, "ANGI reported better-than-expected 4Q results and 2015 guidance, and some trends appear to be showing signs of stabilization. Lowering commerce take rates may help retain SP revenue, though we are not modeling a sustained improvement in new originations. This model also gives up some transactional upside, and represents yet another strategy shift with high execution risk. Meanwhile competition continues to increase in the space and with more debt, the window for fixing things continues to narrow. We hold out hope ANGI can productize a transactional business, but it is clearly a challenge. Maintain Hold on balanced risk/reward."
Angie's List closed on Wednesday at $7.80.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in