Analyst Allen Klee from Maxim has reduced the price target for reAlpha (AIRE, Financial) from $3 to $1.25 while maintaining a Buy rating. In a recent note to investors, Klee highlighted that reAlpha's first-quarter revenue exceeded expectations, although adjusted EBITDA fell short. The company's AI-driven home-buying platform, introduced in April 2024, is positioned to capitalize on shifts in industry commissions with a cost-effective solution. This platform is anticipated to boost the company's customer base and lead generation as more users engage with their services. However, the analysis model has been adjusted to account for the implications of equity dilution.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for ReAlpha Tech Corp (AIRE, Financial) is $2.97 with a high estimate of $3.00 and a low estimate of $2.90. The average target implies an upside of 454.00% from the current price of $0.54. More detailed estimate data can be found on the ReAlpha Tech Corp (AIRE) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, ReAlpha Tech Corp's (AIRE, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
