DA Davidson Downgrades eXp World Holdings to Neutral, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Tom White downgraded eXp World Holdings (EXPI) from Buy to Neutral and reduced the price target from $20 to $15.
January 26, 2024 | 11:08 am
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NEGATIVE IMPACT
eXp World Holdings was downgraded by DA Davidson from Buy to Neutral with a lowered price target from $20 to $15, potentially impacting investor sentiment and the stock's short-term performance.
Analyst downgrades typically lead to negative sentiment among investors, which can result in a decrease in stock price. The reduction in price target further suggests a lower expected valuation for EXPI, which may influence the stock to trend downwards in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100