The Real Brokerage (TSE: REAX), a technology-focused global real estate brokerage, announced Wednesday that the Invidiata team, based in Ontario, Canada, has joined its growing network of agents.
Real Estate Team to Be Led by Founder Christopher Invidiata
With 35 years of success in real estate, the Invidiata team serves the markets of Oakville, Burlington, Mississauga, and Toronto.
With a focus on luxury homes, Invidiata has sold over C$4 billion in residential real estate since 1985 and has been named the number one RE/MAX team in Canada 15 times. The Invidiata Team was the first RE/MAX team in the world in 2007 and 2012.
Last month, Real’s announced the launch of its operations in Ontario. The Invidiata team will be one of the first high-end luxury teams to join the brokerage.
Management Commentary
Real co-founder and CEO Tamir Poleg said, “We are beyond excited to welcome The Invidiata Team to our family here at Real. Working with Christopher and his team will not only expand our footprint in Canada, but it will also allow Real to be part of the luxury market. The team’s impressive track record speaks for itself, and we look forward to working with them and creating more opportunities in Ontario.”
Wall Street’s Take
On January 25, Roth Capital analyst Darren Aftahi kept a Buy rating on REAX and set a price target of $4.10 (C$5.20). This implies 60% upside potential.
As Aftahi is the only analyst to have offered a stock rating for REAX in the last three months, the average Real Brokerage price target is C$5.20.
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