Offerpad Solutions (OPAD) Stock: $5 Target And Overweight Rating

By Amit Chowdhry ● Aug 14, 2022
  • The shares of Offerpad Solutions (OPAD) recently received a $5 price target from Cantor Fitzgerald. These are the details.

The shares of Offerpad Solutions (OPAD) recently received a $5 price target from Cantor Fitzgerald. And Cantor Fitzgerald analyst Brett Knoblauch is maintaining an “Overweight” rating on the shares.

Knoblauch adjusted the rating after Offerpad reported its second-quarter results. And Knoblauch noted that the volatility in the housing market- which is being driven by a meaningful uptick in mortgage rates – has led to management reducing its expectations for the number of homes it will buy and sell in the coming quarter. And despite current macro factors, management is being disciplined and prudent in the way it is executing given the pace of changes in the housing market.