How Does Redfin Corp (RDFN) Stock Rank on Wall Street Thursday?

InvestorsObserver is giving Redfin Corp (RDFN) an Analyst Rating Rank of 4, meaning RDFN is ranked higher by analysts than 4% of stocks. The average price target for RDFN is $6.903 and analyst’s rate the stock as a Hold.

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!

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Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Redfin Corp Stock Today?

Redfin Corp (RDFN) stock is trading at $6.81 as of 11:53 AM on Thursday, Mar 28, a gain of $0.61, or 9.76% from the previous closing price of $6.20. The stock has traded between $6.19 and $6.85 so far today. Volume today is less active than usual. So far 3,534,989 shares have traded compared to average volume of 5,620,172 shares. Click Here to get the full Stock Report for Redfin Corp stock.