Piper Jaffray began coverage on shares of Angie’s List (NASDAQ: ANGI) in a report released on Wednesday. The firm issued an overweight rating and a $25.00 target price on the stock.
“We are initiating coverage with an Overweight rating and a $25 target. Our Overweight rating is based on our belief in revenue and earnings upside. In 2015, we estimate Angie’s List will grow revenue at 34% vs. the Street at 25%, and generate $74m in EBITDA vs. Street at $58m. Our $25 target is based on 19x our FY15 EV/EBITDA estimate.,” the firm’s analyst commented.
Shares of Angie’s List opened at 19.18 on Wednesday. Angie’s List has a 52 week low of $8.94 and a 52 week high of $20.13. The stock’s 50-day moving average is currently $14.57. The company’s market cap is $1.111 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Northland Capital raised their price target on shares of Angie’s List from $15.00 to $24.00 in a research note to investors on Friday, February 15th. Separately, analysts at Deutsche Bank raised their price target on shares of Angie’s List from $12.00 to $18.00 in a research note to investors on Friday, February 15th. They now have a hold rating on the stock. Finally, analysts at Barrington Research downgraded shares of Angie’s List from an outperform rating to a market perform rating in a research note to investors on Thursday, February 14th. They now have a $15.00 price target on the stock.
Nine research analysts have rated the stock with a buy rating, and five have given a hold rating to the company. The company currently has a consensus rating of overweight and an average target price of $20.50.
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