Redfin Corporation (RDFN)
NASDAQ: RDFN · Real-Time Price · USD
12.84
+0.70 (5.77%)
At close: Sep 26, 2024, 4:00 PM
12.89
+0.05 (0.39%)
After-hours: Sep 26, 2024, 7:04 PM EDT
Redfin Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Redfin stock have an average target of 7.68, with a low estimate of 4.00 and a high estimate of 13. The average target predicts a decrease of -40.19% from the current stock price of 12.84.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for Redfin stock from 11 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 1 |
| Buy | 0 | 1 | 1 | 1 | 1 | 1 |
| Hold | 9 | 9 | 9 | 9 | 9 | 7 |
| Sell | 2 | 2 | 2 | 2 | 2 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 12 | 12 | 12 | 12 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B. Riley Securities | B. Riley Securities | Hold → Strong Buy Upgrades $7.5 → $13 | Hold → Strong Buy | Upgrades | $7.5 → $13 | +1.25% | Sep 3, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $8 → $7 | Hold | Maintains | $8 → $7 | -45.48% | Aug 8, 2024 |
| Susquehanna | Susquehanna | Hold Maintains $8 → $7 | Hold | Maintains | $8 → $7 | -45.48% | Aug 8, 2024 |
| Wedbush | Wedbush | Hold Reiterates $8 | Hold | Reiterates | $8 | -37.69% | Aug 7, 2024 |
| Needham | Needham | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | Aug 7, 2024 |
Financial Forecast
Revenue This Year
1.06B
from 976.67M
Increased by 8.63%
Revenue Next Year
1.18B
from 1.06B
Increased by 10.84%
EPS This Year
-1.23
from -1.16
EPS Next Year
-0.85
from -1.23
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.1B | 1.3B | 1.4B | ||
| Avg | 1.1B | 1.2B | 1.3B | ||
| Low | 1.0B | 1.1B | 1.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.2% | 26.8% | 15.8% | ||
| Avg | 8.6% | 10.8% | 9.4% | ||
| Low | 2.5% | -0.7% | 2.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -1.18 | -0.32 | -0.62 | ||
| Avg | -1.23 | -0.85 | -0.68 | ||
| Low | -1.30 | -1.11 | -0.83 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | - | ||
| Avg | - | - | - | ||
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.