eXp World Holdings Inc (EXPI) PT Raised to $12 at DA Davidson

DA Davidson analyst Tom White raised the price target on eXp World Holdings Inc (NASDAQ: EXPI) to $12.00 (from $10.75) while maintaining a Buy rating.

The analyst commented, "We remain BUY-rated on shares of EXPI and nudge up our 2H'25 and 2026 estimates on the back of our recent positive U.S. agent checks that suggest that the initial weeks of 3Q have continued the solid (but admittedly still relatively modest) upward trend we observed in EXPI's U.S. agent count over the last ~two months of 2Q. Our estimates for 2Q'25 are unchanged, our CY'25 estimates increase modestly (i.e. <1%), and our 2026 revenue and EBITDA forecasts increase by 1% and 4%, respectively. Our 12-month price target ticks up from $10.75 to $12 (implies 4.7x our 2026 EV/EBITDA)."

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