Redfin Corporation (RDFN)
NASDAQ: RDFN · IEX Real-Time Price · USD
5.20
-0.11 (-2.07%)
At close: Apr 19, 2024, 4:00 PM
5.18
-0.02 (-0.38%)
After-hours: Apr 19, 2024, 7:59 PM EDT
Redfin Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Redfin stock have an average target of 8.13, with a low estimate of 4.00 and a high estimate of 15. The average target predicts an increase of 56.35% from the current stock price of 5.20.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 13 | 13 | 13 | 8 | 9 | 9 |
| Sell | 1 | 1 | 1 | 2 | 2 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 14 | 14 | 10 | 11 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| DA Davidson | DA Davidson | Hold Maintains $6.75 | Hold | Maintains | $6.75 | +29.81% | Mar 22, 2024 |
| B. Riley Securities | B. Riley Securities | Hold Maintains $8 → $7 | Hold | Maintains | $8 → $7 | +34.62% | Mar 11, 2024 |
| Citigroup | Citigroup | Hold Maintains $11 → $8 | Hold | Maintains | $11 → $8 | +53.85% | Feb 29, 2024 |
| Gordon Haskett | Gordon Haskett | Hold → Sell Downgrades $5.5 | Hold → Sell | Downgrades | $5.5 | +5.77% | Feb 29, 2024 |
| RBC Capital | RBC Capital | Hold Maintains $10 → $9 | Hold | Maintains | $10 → $9 | +73.08% | Feb 28, 2024 |
Financial Forecast
Revenue This Year
1.06B
from 976.67M
Increased by 8.94%
Revenue Next Year
1.21B
from 1.06B
Increased by 13.72%
EPS This Year
-1.39
from -1.16
EPS Next Year
-1.04
from -1.39
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.1B | 1.3B | 1.6B | 1.6B | 1.9B |
| Avg | 1.1B | 1.2B | 1.4B | 1.5B | 1.7B |
| Low | 980.9M | 1.1B | 1.2B | 1.4B | 1.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 17.4% | 26.3% | 29.7% | 20.8% | 24.5% |
| Avg | 8.9% | 13.7% | 12.2% | 12.9% | 11.7% |
| Low | 0.4% | 2.7% | -1.8% | 4.1% | -1.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.89 | -0.57 | -0.32 | -0.89 | -0.75 |
| Avg | -1.39 | -1.04 | -0.69 | -0.87 | -0.72 |
| Low | -1.68 | -1.38 | -1.03 | -0.83 | -0.70 |
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.