In a report released yesterday, Allen Klee from Maxim Group reiterated a Buy rating on reAlpha Tech Corp. (AIRE – Research Report), with a price target of $3.00.
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Allen Klee has given his Buy rating due to a combination of factors that highlight reAlpha Tech Corp.’s potential for growth and market positioning. The company’s recent acquisitions in title insurance and mortgage brokering, alongside the launch of its zero-commission AI home-buying platform, are expected to drive revenue growth. This platform is particularly significant as it aligns with industry shifts and serves as a lead generator for reAlpha’s services.
Furthermore, the company benefits from favorable industry dynamics, geographical expansion, and a large total addressable market. Despite the need for potential capital raising to support operations, reAlpha’s current trading metrics and the analyst’s 10-year discounted cash flow analysis suggest a strong future valuation. These elements combined justify the Buy rating and the $3.00 price target set by Allen Klee.
According to TipRanks, Klee is an analyst with an average return of -19.9% and a 23.33% success rate. Klee covers the Technology sector, focusing on stocks such as Intelligent Protection Management, JetAI, and T Stamp, Inc. Class A.