Angi Inc. (NASDAQ:ANGI) is the first and smallest stock of our list of spin-off companies in 2025. The company was part of IAC Inc. (NASDAQ:IAC), a media and internet company, which completed the spin-off on March 31, 2025, through a special dividend (a distribution) of all Angi common stock, owned by IAC, to holders of IAC common stock and IAC Class B common stock. Before the spin-off, Angi was a listed company, but IAC controlled it through its economic and voting interests in Angi of 85.3% and 98.3%, respectively, as of December 31, 2024.
In a recent analyst update, RBC Capital Markets analyst Brad Erickson reiterated a Hold rating on Angi Inc. with a price target of $18.00 on December 17. As a relatively small company, Angi hasn’t seen significant analyst activity recently, particularly after reporting weaker-than-expected earnings in early November.
As of December 26, the consensus view remains cautious: only 40% of analysts covering the stock assign a Buy rating, and the remainder rate it a Hold. There is a substantial divergence between the high ($27) and low ($14) price targets, with the median price target of $18 still indicating nearly 42% upside.
Consistent with the cautious analyst view, the company’s share price has been volatile. Since the spin-off, the stock has declined around 18% and nearly 24% year to date.
As of the latest update, the company has consolidated its five international business platforms into a single unified platform. It is now working to integrate this platform with three of its U.S. platforms into a single global platform, with a target completion date of Q1 2027. The company is also accelerating software development to create a modern AI-first platform.
Angi Inc. operates platforms for home services, connecting home professionals with consumers across more than 500 categories, from home repair and remodelling to cleaning and landscaping.
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This article is originally published at Insider Monkey.
