EXp World Holdings rises after DA Davidson upgrades stock to 'buy'

Shares of real estate broker eXp World Holdings EXPI.O up 6.39% at $8.16 in premarket trading

D.A. Davidson upgrades stock to "buy" from "neutral"; maintains PT at $10.75

Brokerage cites renewed U.S. agent growth, strong international revenue with higher margins, an accelerating shift toward virtual brokerages, and a growing focus on AI-driven operational efficiency

"We are also incrementally optimistic about EXPI's recent monetization momentum in its International markets, and believe management's retooled expansion playbook for International could help drive some modest margin expansion at EXPI", adds Davidson

Average rating of 2 analysts is "hold"; median PT is $10 — data compiled by LSEG

As of last close, EXPI was down ~33.36% YTD