RBC Capital analyst Brad Erickson maintained a Hold rating on Redfin (RDFN – Research Report) today and set a price target of $9.00. The company’s shares closed yesterday at $7.16.
Erickson covers the Consumer Cyclical sector, focusing on stocks such as Amazon, Carvana Co, and Expedia. According to TipRanks, Erickson has an average return of 20.5% and a 54.33% success rate on recommended stocks.
Redfin has an analyst consensus of Hold, with a price target consensus of $7.79, which is an 8.80% upside from current levels. In a report released today, J.P. Morgan also maintained a Hold rating on the stock with a $7.00 price target.
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The company has a one-year high of $17.68 and a one-year low of $4.26. Currently, Redfin has an average volume of 5.78M.
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Redfin (RDFN) Company Description:
Redfin Corp. provides real estate brokerage services. The firm engages in buying and selling homes. It operates through the following segments: Real Estate Services and Properties. The Real Estate Services segment consists of revenue transactions. The Properties segment consists of home purchase costs, capitalized improvements, selling expenses and home maintenance expenses. The company was founded by David Selinger, David Eraker, and Michael Dougherty in 2004 and is headquartered in Seattle, WA.
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