Re/Max Holdings price target lowered to $9 from $10.50 at Stephens

Stephens lowered the firm’s price target on Re/Max Holdings (RMAX) to $9 from $10.50 and keeps an Equal Weight rating on the shares. Re/Max delivered “a clean 1Q25 beat across the board” compared to conservative quarterly guidance and low expectations, while managing its fourth consecutive quarter of modest adjusted EBITDA growth, the analyst tells investors. However, not much has changed in the story as the company reiterated annual guidance and continues to face top-line growth challenges given ongoing U.S. agent declines and tough housing conditions, adds the firm, which believes that the stock is “lacking a clear catalyst.”