Thoughts on The Alchemist?

I've seen this book recommended a bunch over the years (not necessarily here, but in book circles). I just finished a really beautifully written book called When Breath Becomes Air and wanted to read something that would be similarly impactful so I started reading The Alchemist.

This book seems to be written on a third grade reading level. Yes, it tells a story, but so does the Three Little Pigs. I understand that simplicity may be intentional, but I expected more literary depth from a book so often described as a modern classic. I'll probably finish it to see what all the fanfare is about, but I'm underwhelmed so far.