Real Brokerage price target raised to $7.50 from $6.25 at Roth MKM

Roth MKM raised the firm’s price target on Real Brokerage to $7.50 from $6.25 and keeps a Buy rating on the shares. The company’s Q2 results well exceeded expectations once again with a 73% y/y increase in transactions and improving ancillary revenue, and the firm expects continued momentum in agent productivity to lead to 70% y/y transaction growth in the second half of the year, the analyst tells investors in a research note.