Angi AI Pivot Seen Dampening Sentiment on Legacy Brands -- Market Talk

Dow Jones05-08

1354 ET - Angi deserves some credit for understanding the need to do more than improve its legacy platform, Benchmark analyst Daniel Kurnos says in a note, but the company's pivot to AI adds uncertainty in the near-term. "If the market was skeptical before, we can only imagine where sentiment is now as investors continue to question whether legacy brands need to even exist in this new world of artificial intelligence," Kurnos says. "Only time will tell if our view that brand name and large, built-in user bases (in this case both for consumers and pros) will be enough to fend off upstart platforms built by five people in someone's garage." Kurnos cuts his price target to $14 from $20, but maintains a buy waiting on continued conviction in a recovery. Feature launches in the coming months and a fall investor day could provide a catalyst, Kurnos says. Angi rebounds 7% following a 35% nosedive Wednesday. (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

May 07, 2026 13:54 ET (17:54 GMT)

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Feature launches in the coming months and a fall investor day could provide a catalyst, Kurnos says. Angi rebounds 7% following a 35% nosedive Wednesday. 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Feature launches in the coming months and a fall investor day could provide a catalyst, Kurnos says. Angi rebounds 7% following a 35% nosedive Wednesday. (elias.schisgall@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 07, 2026 13:54 ET (17:54 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AGIX","symbol_name":"通用人工智能 ETF-AGIX","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2633120871","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2633120871","pubTimestamp":1778176440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1354 ET - Angi deserves some credit for understanding the need to do more than improve its legacy platform, Benchmark analyst Daniel Kurnos says in a note, but the company's pivot to AI adds uncertainty in the near-term. \"If the market was skeptical before, we can only imagine where sentiment is now as investors continue to question whether legacy brands need to even exist in this new world of artificial intelligence,\" Kurnos says. \"Only time will tell if our view that brand name and large, built-in user bases  will be enough to fend off upstart platforms built by five people in someone's garage.\" Kurnos cuts his price target to $14 from $20, but maintains a buy waiting on continued conviction in a recovery. 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