B.Riley analyst Timothy D\'Agostino resumes coverage on Altisource Portfolio Solutions (NASDAQ: ASPS) with a Buy rating and a price target of $8.00.

The analyst comments: "We are resuming coverage of Altisource Portfolio Solutions S.A. (ASPS) with a Buy rating and a 12-month price target of $8 per share, which represents 9.0x our 2026 adjusted EPS forecast of $0.85. Our Buy rating centers on our view that ASPS's contrarian business model is well positioned to perform amid potential normalization in the housing market. Given its services relate to origination, REO & foreclosure auctioning through its unit Hubzu, as well as its other real estate–related businesses—foreclosure trustee, field services, title for both default and origination, renovation, construction risk management through Granite, etc.—we see ASPS as capitalizing on expected industry growth in origination over the next 12–18 months, while higher unemployment figures could put a strain on serious delinquent loans that could move to foreclosure status. While we anticipate potential industry tailwinds, a key driver of our thesis is the enhanced operational efficiencies from the ASPS debt exchange in February 2025, which will likely continue to improve margins."

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Shares of Altisource Portfolio Solutions closed at $6.43 yesterday.