DA Davidson analyst Tom White lowered his price target on eXp World Holdings (EXPI) to $20 after its Q3 results, saying the company posted a "strong" top-line growth of 232% with "robust" agent adds, but its gross profit margins came in just below expectations. The analyst notes that eXp World Holdings is having "particular success" attracting RE/MAX (RMAX) as of late. White is also keeping his Buy rating on the shares while anticipating the gross margin pressure to subside when the company adjusts some elements of its revenue sharing program early next year.