What Happened?
Shares of real estate technology company The Real Brokerage (NASDAQ: REAX) jumped 4% in the morning session after the company announced that Showcase Real Estate has joined its platform through its Private Label program.
This move brings 45 agents to The Real Brokerage, expanding its reach in Northern California. The partnership allows Showcase to maintain its local brand while gaining access to Real's national platform and AI-driven technology.
After the initial pop the shares cooled down to $5.36, up 4.2% from previous close.
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What Is The Market Telling Us
The Real Brokerage’s shares are very volatile and have had 20 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 1 day ago when the stock gained 5.3% following a bullish consensus from Wall Street analysts. The company holds a consensus 'Buy' rating based on the opinions of three analysts covering the stock over the past twelve months. Among them, two have issued a 'buy' rating and one a 'strong buy.' The average twelve-month price target for the company stands at $6.33, which represents a potential upside of over 26% from its recent trading price of around $5.01. This optimistic outlook from financial analysts appears to be bolstering investor confidence in the company's future performance.
The Real Brokerage is up 16.5% since the beginning of the year, but at $5.36 per share, it is still trading 17.6% below its 52-week high of $6.50 from November 2024. Investors who bought $1,000 worth of The Real Brokerage’s shares 5 years ago would now be looking at an investment worth $5,789.
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