Truist cuts PT on Angi on slower turnaround

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