ANGI Homeservices (ANGI) Stock Forecast & Price Target

Angi is viewed favorably because it is pivoting from a legacy lead-generation model to an AI-native platform that can better convert existing demand, with 50% of homeowners already using AI features and converting at roughly 3x the rate of nonusers. Its 1Q26 results showed proprietary revenue gaining momentum while domestic revenue mix shifted to about 91.5% proprietary, and management also highlighted leaner costs, $70 to $80 million in annual run-rate savings, and continued solid operating cash flow. The outlook is further supported by a large embedded opportunity, including $35 billion in annualized homeowner job value flowing through the platform, a $25 billion gap still captured by non-Angi pros, and improving international performance with 7% revenue growth and margins near 22%.

Angi is facing a weakened fundamental outlook because its core Ads and Leads business remains highly exposed to Google’s search algorithm, potential changes to the Google services agreement, and a competitive landscape that can be easily attacked through low switching costs and disintermediation risks. Following 1Q26 results, the company no longer provides quarterly guidance and materially reduced its 2026E profitability outlook, while revenue has already fallen by nearly 50% from 2022 to 2025 and is now expected to decline for a fourth consecutive year in 2026E. Lower proprietary channel growth, reduced revenue per lead, and the influence of Barry Diller’s significant voting power add execution and governance uncertainty, leaving investors with limited visibility into a credible recovery timeline.