Exp World (NASDAQ:EXPI) Now Covered by Zelman & Associates

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Zelman & Associates has initiated coverage on Exp World (NASDAQ:EXPI) with an “underperform” rating and a $4.75 price target, indicating a potential downside of over 20%. This new rating contributes to a “Reduce” consensus rating for the stock, which has an average price target of $7.88 from analysts. Exp World’s stock is currently trading near $5.97, below its 50-day and 200-day moving averages, after missing recent EPS expectations despite revenue growth.

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