Oppenheimer Initiates Coverage on Doma Holdings Inc. With Outperform rating and $11 Price Target
<p>Oppenheimer initiated coverage on <a href='https://financialmodelingprep.com/financial-summary/DOMA'>Doma Holdings Inc. (NYSE:DOMA) </a>with outperform rating and $11 price target. </p>
<p>Analysts view the company as well-positioned to capitalize on the digitization of mostly manual and time-consuming residential real estate closing process with its technology to automate repetitive tasks involved in finalizing a purchase/refinance and as a result reduce a traditional 50-day process to less than a week. </p>
<p>The brokerage projects a long runway given the adoption of digital closings is still in its beginning phase, as local agencies and enterprises increasingly realize the efficiencies brought forth by automation. </p>
<p>According to the analysts at Oppenheimer the company is expected to materially grow wallet share of enterprise accounts as legacy incumbents with greater headcount cannot afford to compete on price.</p>

NYSE:DOMA