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Redfin Corp (RDFN) Stock: Do Analysts Think You Should Buy?

Tuesday, February 27, 2024 12:05 PM | InvestorsObserver Analysts

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Redfin Corp (RDFN) Stock: Do Analysts Think You Should Buy?

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 $7.726 and analyst’s rate the stock as a Hold.

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?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Redfin Corp Stock Today?

Redfin Corp (RDFN) stock has gained 4.6% while the S&P 500 is lower by -0.01% as of 12:03 PM on Tuesday, Feb 27. RDFN has risen $0.32 from the previous closing price of $6.85 on volume of 2,992,666 shares. Over the past year the S&P 500 is higher by 27.29% while RDFN is lower by -5.16%. 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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