Benchmark Internet & Media analyst to hold analyst/industry conference call » 14:3608/0308/03/20
Internet & Media…
Internet & Media Analyst Kurnos, along with CFO Schiffman of IAC Holdings (IAC) and Brandon Ridenour, CEO of ANGI Homeservices (ANGI), participate in an Analyst/Industry conference call to be held on August 12.
|Over a week ago|
Lowe's, HomeAdvisor launch partnership to secure Pros leads » 09:0907/2707/27/20
To further their…
To further their commitment to keeping Pros working, Lowe's and HomeAdvisor announced they will help Pros get leads by offering Lowe's for Pros Loyalty Program members a free, year-long HomeAdvisor subscription. Qualifying Lowe's Pro loyalty members will get the annual subscription and also receive a credit for an average of 10 free leads connecting them to HomeAdvisor's extensive network of millions of homeowners looking for Pros to complete home projects.
IAC price target raised to $155 from $150 at Jefferies » 08:2907/2707/27/20
Jefferies analyst Brent…
Jefferies analyst Brent Thill raised the firm's price target on IAC (IAC) to $155 from $150 and keeps a Buy rating on the shares, stating that the company has the capacity for large-scale M&A and "room to add a new vertical to its portfolio" following the Match (MTCH) spinoff, adding that he thinks stock buybacks are "also a realistic option" for its roughly $4B in cash. Thill, who sees Vimeo as the "most the exciting non-public asset within IAC," also said he views Dotdash as "the best of rest."
IAC price target raised to $171 from $161 at BMO Capital » 09:2307/1707/17/20
IAC, ANGI, MTCH
BMO Capital analyst…
BMO Capital analyst Daniel Salmon raised the firm's price target on IAC (IAC) to $171 from $161 and keeps an Outperform rating on the shares. The analyst says the company's investor presentation saw Angi Homeservices (ANGI), Vimeo, Dotdash, and Care.com all signalling "strong organic growth tailwinds." Salmon adds that the eventual deployment of its $4B of cash following the Match Group (MTCH) spin should serve as a catalyst for IAC.
IAC price target raised to $160 from $155 at JPMorgan » 08:1007/1707/17/20
JPMorgan analyst Cory…
JPMorgan analyst Cory Carpenter raised the firm's price target on IAC (IAC) to $160 from $155 and keeps an Overweight rating on the shares. The analyst believes Vimeo is the most valuable asset within IAC's non-Angi Homeservices (ANGI) portfolio. Vimeo has potential to become a stand-alone company over time with a $250M-plus revenue run rate, 30%-plus organic growth and profitability expected in 2021 or 2022, Carpenter tells investors in a research note. The analyst increased his estimated value of Vimeo to $2.5B.
Angi Homeservices price target raised to $17.75 from $12.50 at Deutsche Bank » 07:5407/1707/17/20
Deutsche Bank analyst…
Deutsche Bank analyst Kunal Madhukar raised the firm's price target on Angi Homeservices to $17.75 from $12.50 and keeps a Buy rating on the shares. After speaking with the company's CEO the analyst believes demand remains strong. The longer the lockdowns from the pandemic last, the more entrenched online will become in consumers' minds for both home services and e-commerce, Madhukar tells investors in a research note. Angi should also benefit from another trend - when people move and buy homes, they will be looking for home services on their smartphones, adds the analyst.
Angi Homeservices price target raised to $18 from $12 at Benchmark » 06:4807/1707/17/20
Benchmark analyst Daniel…
Benchmark analyst Daniel Kurnos raised the firm's price target on Angi Homeservices (ANGI) to $18 from $12 and keeps a Buy rating on the shares. Shares fell after parent company IAC (IAC) provided what Kurnos identifies as "strong" monthly revenue trends for Angi, which he attributes to "a return of the recurring SP capacity headwind" that offset continued positive usage trends. While he is incrementally more cautious around EBITDA margins in the near-term, he continues to view Angi as "a Covid winner" that could see material revenue outperformance in the back half of the year, Kurnos said.
IAC to host conference call » 09:5507/1607/16/20
IAC CEO Levin holds a…
IAC CEO Levin holds a conference call with CEO Ridenour of ANGI Homeservices to answer questions about its businesses from IAC and ANGI Homeservices sell-side research analysts on July 16 at 10 am. Webcast Link
IAC price target raised to $167 from $150 at BTIG » 09:0807/1607/16/20
BTIG analyst Jake Fuller…
BTIG analyst Jake Fuller raised the firm's price target on IAC to $167 from $150 and keeps a Buy rating on the shares. Q2 monthly trends are showing a "notable uptick" in ANGI Homeservices interest, along with "robust growth" for Vimeo and "surprising strength" for DotDash, the analyst tells investors in a research note, raising his 2020 revenue forecast to $4.03B from $3.89B.
Angi Homeservices price target raised to $19 from $16 at BTIG » 08:5707/1607/16/20
BTIG analyst Jake Fuller…
BTIG analyst Jake Fuller raised the firm's price target on Angi Homeservices to $19 from $16 and keeps a Buy rating on the shares. Following a "lull" in April, platform demand for the remainder of the quarter saw a "sharp uptick", the analyst tells investors in a research note, raising his Q2 revenue estimates to $366M-$374M - above consensus of $336M. Fuller adds that Angi stands to benefit as COVID-19 lockdown appears to have "pulled online adoption forward" across the broader home services vertical.