Fathom price target raised to $2.50 from $2 at Roth Capital

Roth Capital raised the firm’s price target on Fathom (FTHM) to $2.50 from $2 and keeps a Buy rating on the shares. Fathom’s recent capital raise and influx of capital could help bolster its ambitions to expand its Elevate program into the end of the year, including adding incremental features that make the program more valuable to help drive gross-margin expansion without chasing sheer agent count, the analyst tells investors in a research note. This could add to this tailwind on margin expansion exiting 2025, should ancillary trends and the macro improve, Roth says.