eXp World price target raised to $13.50 from $11.75 at DA Davidson

DA Davidson analyst Tom White raised the firm’s price target on eXp World to $13.50 from $11.75 and keeps a Neutral rating on the shares. The company reported a “mixed but generally decent” Q2 print with revenue exceeding estimates as Q2 agent count rose 1,331 from Q1 but reflected the acquisition of referral-only brokerage Realty Connect, the analyst tells investors in a research note. eXp World’s core domestic brokerage business continues to face headwinds related to the broader housing market and related industry-wide agent churn however, the firm added.