eXp World upgraded to Buy from Neutral at DA Davidson

DA Davidson upgraded eXp World (EXPI) to Buy from Neutral with a price target of $10.75, up from $10. The firm’s long-term view on the real estate industry is that it’s just a matter of time before the vast majority of agents migrate to lower-cost/virtual platforms from incumbent/legacy brokerage brands and the firm’s proprietary checks indicate U.S. agent count has started to grow again in recent weeks for eXp World, the analyst tells investors.