Citizens JMP lowered the firm’s price target on Offerpad Solutions (OPAD) to $3 from $4.50 and keeps an Outperform rating on the shares. The firm anticipates “more subdued” market share gains near-term for the company as transaction volumes remain pressured. However, Offerpad is well positioned for durable growth over time as industry conditions improve, given its ongoing efforts to enhance its cost structure, the analyst tells investors in a research note.
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