Real Brokerage initiated with a Buy at BTIG

BTIG initiated coverage of Real Brokerage (REAX) with a Buy rating and $6 price target The cloud-based real estate broker is positioned to outperform in a recovering housing market, or even a sideways market, with “big payouts drawing agents and driving market share,” the analyst tells investors. With a differentiated model and “generous” comp structure, Real Brokerage is attracting agents and growing rapidly, says the firm, which views the stock’s high relative EBITDA multiple as justified by strong growth.