REAX, CA75585H2063

Citizens sets USD 40 target for The Real Brokerage stock

Published on 10/16/2026 at 00:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 30 percent to USD 700.6 million. For The Real Brokerage stock, next results are due October 28, 2026.

Analyst view and reporting date

Citizens initiated coverage with a USD 40.00 target on October 14, 2026.
Second-quarter revenue reached USD 700.6 million, up 30 percent year over year.
The next earnings date is October 28, 2026.

REAX, CA75585H2063, Illustration mit AI erstellt.

The Real Brokerage (ISIN CA75585H2063) received a USD 40.00 price target from Citizens on October 14, 2026, when the firm initiated coverage with a Market Outperform rating, as Markets Insider reported. The call comes ahead of the company's next scheduled results on October 28, 2026.

Citizens sees acquisition upside

The analyst case centers on the completed RE/MAX transaction and the potential for a larger, less cyclical brokerage platform. According to Investing.com, Citizens projected fiscal 2027 adjusted EBITDA of USD 178.9 million, compared with FactSet consensus of USD 133.5 million. That represents a 34 percent premium to consensus and gives the USD 40.00 target a clear operating assumption.

The same report said the RE/MAX acquisition closed on August 24, 2026, while Citizens identified uncertainty around deal costs and the pace of revenue and adjusted EBITDA benefits as key factors to monitor. The company has also said it expects about USD 30 million in cost synergies within three years of closing, a figure reported in the second-quarter earnings transcript.

What does the merger mean for margins?

The latest operating figures show both growth and pressure. For the second quarter of 2026, revenue reached USD 700.6 million, up 30 percent year over year, while adjusted EBITDA increased 38 percent to USD 27.6 million, according to Benzinga. Gross margin was 8.3 percent, down from 8.9 percent a year earlier, and acquisition-related costs totaled USD 11.6 million.

Three dated operating markers

On August 6, 2026, second-quarter revenue reached USD 700.6 million and adjusted EBITDA was USD 27.6 million, according to Benzinga. On August 24, 2026, the RE/MAX transaction closed, as Investing.com reported. On October 14, 2026, Citizens initiated coverage with a USD 40.00 target.

Upcoming results set the next test

The next scheduled reporting date is October 28, 2026, according to Fintel. Investors will have to weigh integration costs against transaction growth and the expected benefits of the combined platform.

Market value and investor perspective

The Real Brokerage had a USD 348.5 million market capitalization as of October 15, 2026. The company also reported pro forma 2025 revenue of USD 2.3 billion and pro forma adjusted EBITDA of USD 157.0 million on its investor-relations page, which notes that the figures combine Real and RE/MAX fiscal 2025 results.