Maxim analyst Allen Klee lowered the firm’s price target on reAlpha (AIRE) to $1.25 from $3 and keeps a Buy rating on the shares. The company’s Q1 results beat on revenue but missed on adjusted EBITDA, the analyst tells investors in a research note. Maxim is noting that reAlpha’s AI home-buying platform launched in April of 2024 provides a low-cost solution to industry shifts in commissions and should serve as a lead generator for the company’s services as the user base grows, though it is also adjusting its model due to equity dilution.
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