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Analyst Rating: Will Redfin Corp (RDFN) Stock Beat the Market?

Friday, November 24, 2023 11:29 AM | InvestorsObserver Analysts

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Analyst Rating: Will Redfin Corp (RDFN) Stock Beat the Market?

Wall Street is positive on Redfin Corp (RDFN). On average, analysts give the stock a Hold rating. The average price target is $7.229, which means analysts expect the stock to rise by 4.62% over the next twelve months. That average ranking earns the stock an Analyst Rating of 4, which is better than 4% of stocks based on data compiled by InvestorsObserver.

Overall Score - 2.8
Wall Street analysts are rating RDFN a Hold today. Find out what this means to you and get the rest of the rankings on RDFN!

Why are Analyst Ratings Important?

Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported. InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What's Happening With Redfin Corp Stock Today?

Redfin Corp (RDFN) stock has gained 2.3% while the S&P 500 is lower by -0.02% as of 11:28 AM on Friday, Nov 24. RDFN is up $0.16 from the previous closing price of $6.75 on volume of 1,328,426 shares. Over the past year the S&P 500 has risen 13.16% while RDFN is up 32.12%. RDFN lost -$1.53 per share the over the last 12 months. Click Here to get the full Stock Report for Redfin Corp stock.

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