Angi Inc. price target lowered to $10 from $19 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Angi Inc. (ANGI) to $10 from $19 and keeps a Neutral rating on the shares. The Q1 update emphasized a shift toward an AI-driven “Angi Pro Chief Revenue Officer” platform and reduced investment in legacy systems, alongside early AI and OpenAI distribution efforts, a long-term $5B revenue ambition in a $700B market, the decision to stop issuing quarterly guidance, and capital returns via debt repurchases, the analyst tells investors in a research note.