RBC analyst Paul Treiber has lowered his price target for Altus Group from $62 to $56 following the company’s Q4 results, which showed an Adjusted EBITDA of $32.4 million on revenue of $135.5 million, reflecting a 3.4% year-over-year increase. CEO Jim Hannon expressed pride in the company’s strong performance, noting record analytics revenue of $411 million and an adjusted EBITDA margin of 28.5% for 2024. Despite maintaining an “Outperform” rating, Treiber indicated that growth and margin expansion may be delayed due to ongoing challenges in the commercial real estate market and the ARGUS Intelligence migration cycle.