Offerpad Solutions price target lowered to $12 from $14 at JMP Securities

JMP Securities analyst Nicholas Jones lowered the firm’s price target on Offerpad Solutions to $12 from $14 and keeps an Outperform rating on the shares. Offerpad’s Q3 results were solid, with revenue and adjusted EBITDA finishing largely in line with consensus estimates, the analyst tells investors in a research note. The firm cites slight multiple compression for the price target decrease.