In a report released today, Andrew Boone from JMP Securities initiated coverage with a Buy rating on Offerpad Solutions (OPAD – Research Report) and a price target of $12.00. The company’s shares closed last Wednesday at $8.09, close to its 52-week low of $6.80.
According to TipRanks.com, Boone is a 3-star analyst with an average return of 16.4% and a 60.0% success rate. Boone covers the Technology sector, focusing on stocks such as Upstart Holdings, Viant Technology, and Taboola.com.
Currently, the analyst consensus on Offerpad Solutions is a Moderate Buy with an average price target of $11.50.
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