ANGI Homeservices Inc.
Thesis
ANGI is positioned to dominate the home services market through its pre-priced model, which enhances user experience and drives transaction frequency. The company is expected to significantly improve its lifetime value to customer acquisition cost ratio by 2026, while its strong management and data advantage over competitors further solidify its market position. The projected average target price is $39.57, with a blended target price of $45.26 based on various scenarios.
Did it work?
The stock price has decreased by 97.2% since the pitch, which is a significant decline and contradicts the long thesis that anticipated growth and market dominance. The projected target prices of $39.57 and $45.26 are far from being realized, indicating that the company's performance and market position have not improved as expected.
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