ANGI - ANGI stock hits 2.5-year high as J.P. Morgan sets Street-high price target

ANGI Homeservices (ANGI) is up 8.7% and has hit a multi-year high today after drawing a Street-high price target from J.P. Morgan following last week's revenue gains. "Improving top-line growth driven by fixed price and what we believe is a strong product pipeline" are set to shift the narrative away from supply challenges among service professionals, it says. It now sees full-year revenue growing at a 13% clip, with incremental gains on a quarterly basis through0out the year. The firm has a price target of $20, implying another 13% upside beyond today's gains. Shares today reached their highest point since mid-October 2018.

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ANGI stock hits 2.5-year high as J.P. Morgan sets Street-high price target