
HOUS Stock Forecast & Price Target
HOUS Analyst Ratings
Bulls say
Anywhere Real Estate Inc has demonstrated a positive trajectory, with a reported +4% year-over-year growth in closed volume, indicating resilience in its residential real estate operations. The company's strategic initiatives, including the Upwards initiative, have successfully driven franchisee engagement, leading to over 20 new franchise partnerships across various key states. Additionally, Anywhere Real Estate has effectively reduced its debt by $308 million and is benefiting from home price gains in approximately 80% of the market, which supports a favorable outlook for its future performance.
Bears say
Anywhere Real Estate Inc has experienced significant operational challenges, with 3Q23 revenue falling approximately 1% short of consensus and profits missing by around 17%, indicating ongoing struggles in the residential real estate market. The company is facing a substantial decline in total volume, which saw unit declines of 17.3% year-over-year, with industry forecasters predicting a continued negative trend in existing home sales volumes for 2023. Despite management's efforts to implement cost-saving measures totaling $200 million, the overall decline in the U.S. residential real estate and mortgage markets raises concerns about the company’s future financial performance.
This aggregate rating is based on analysts' research of Anywhere Real Estate Inc and is not a guaranteed prediction by Public.com or investment advice.
HOUS Analyst Forecast & Price Prediction
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