Analyst Reiterates Buy on Real, Citing Strong Q1 Outperformance, Growing Agent Base and Long-Term Upside from Ancillary Services and RE/MAX Deal
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William Blair analyst Stephen Sheldon has reiterated a Buy rating on REAX stock, citing strong Q1 performance and a growing agent base. He highlights Real's robust revenue and EBITDA results, expanding free cash flow, and the potential of ancillary services and a proposed RE/MAX acquisition as long-term growth drivers. Sheldon remains cautiously optimistic about the RE/MAX deal, believing it enhances the risk-reward profile for investors. BTIG also maintains a Buy rating with a $4.25 price target.
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