Analyst of TD Cowen maintained a Buy rating on Real Matters Inc, with a price target of C$9.00.
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analyst has given his Buy rating due to a combination of factors tied to Real Matters’ solid recent execution and attractive positioning for an eventual housing market recovery. The company outperformed expectations in its latest quarter, supported by early-quarter market strength, robust U.S. Title growth, and strong operating leverage that delivered positive adjusted EBITDA despite macro headwinds.
The analyst also highlights the continued addition of high-quality U.S. Title clients, including Tier 1 lenders and a large servicer, which effectively fills existing capacity and sets the stage for meaningful incremental profitability when volumes improve. While near-term forecasts are trimmed to reflect a slower recovery and a fluid rate environment, longer-term estimates are largely intact, as the expanding client base and improving margin profile provide significant upside in a more normalized environment.
In another report released today, ATB Cormark Capital Markets also maintained a Buy rating on the stock with a C$8.00 price target.