DA Davidson Downgrades eXp World Holdings: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
DA Davidson has downgraded eXp World Holdings (NASDAQ:EXPI) from a previous rating to Neutral and reduced the price target from $20.00 to $15.00. Following the downgrade, EXPI shares have fallen 3.12% to $13.03. The new price target suggests a potential upside of 15.12% from the current price. eXp World Holdings is a cloud-based residential real estate company with operations in various countries.
January 26, 2024 | 5:00 pm
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DA Davidson downgraded eXp World Holdings to Neutral and lowered the price target from $20.00 to $15.00, causing the stock to drop 3.12% to $13.03.
The downgrade by DA Davidson is a direct negative sentiment towards eXp World Holdings' stock, likely leading to a short-term decrease in investor confidence and a drop in stock price. The reduction in the price target further emphasizes the analyst's less optimistic outlook on the company's valuation, which can influence market perception and investment decisions.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100