Redfin (RDFN) Stock Forecast & Price Target

$10.37

+0.05 (+0.48%)

(As of 10/31/2024 ET)

Redfin - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 12 Analyst Ratings

Sell
2

Hold
8

Buy
2

Based on 12 Wall Street analysts who have issued ratings for Redfin in the last 12 months, the stock has a consensus rating of "Hold." Out of the 12 analysts, 2 have given a sell rating, 8 have given a hold rating, and 2 have given a buy rating for RDFN.

Consensus Price Target

$8.20
-20.88% Downside

According to the 12 analysts' twelve-month price targets for Redfin, the average price target is $8.20. The highest price target for RDFN is $15.00, while the lowest price target for RDFN is $4.00. The average price target represents a forecasted downside of -20.88% from the current price of $10.37.

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RDFN Analyst Ratings Over Time

Type	Current Forecast 11/1/23 to 10/31/24	1 Month Ago 10/2/23 to 10/1/24	3 Months Ago 8/3/23 to 8/2/24	1 Year Ago 11/1/22 to 11/1/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)	0 Buy rating(s)
Hold	8 Hold rating(s)	7 Hold rating(s)	8 Hold rating(s)	12 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$8.20	$7.88	$7.31	$7.63
Forecasted Upside	-20.88% Downside	-37.25% Downside	-1.14% Downside	60.53% Upside
Consensus Rating	Hold	Hold	Reduce	Reduce

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RDFN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RDFN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Redfin Stock vs. The Competition

Type	Redfin	Finance Companies	S&P 500
Consensus Rating Score	2.00	2.48	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	-21.64% Downside	15.67% Upside	10.63% Upside
News Sentiment Rating	Neutral News See Recent RDFN News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/22/2024	Jefferies Financial Group 2 of 5 stars		Boost Target	Hold ➝ Hold	$7.50 ➝ $11.50	+11.76%
9/30/2024	B. Riley 4 of 5 stars	N. Khan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$13.00 ➝ $15.00	+21.16%
8/8/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$8.00 ➝ $7.00	+5.42%
8/8/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$8.00 ➝ $7.00	+9.37%
8/7/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$8.00 ➝ $8.00	+18.17%
8/7/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
Get the Latest News and Ratings for RDFN and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Redfin and its competitors with MarketBeat's FREE daily newsletter.
7/3/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$7.25 ➝ $7.25	+23.30%
5/8/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$8.00 ➝ $7.00	+12.54%
5/8/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Campbell Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$8.00 ➝ $9.00	+41.29%
2/29/2024	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Underperform	$5.50	-21.43%
2/28/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$10.00 ➝ $9.00	+28.02%
11/6/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$6.00 ➝ $4.00	-33.11%
8/15/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Market Perform
5/5/2023	Compass Point Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Neutral	$7.00	-1.13%
2/17/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$4.50 ➝ $5.00	-40.62%
12/21/2022	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$10.00 ➝ $5.50	+14.82%
11/16/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$4.50	-6.05%
11/15/2022	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$5.00	+3.31%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 10:28 PM ET.

RDFN Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Redfin is $8.20, with a high forecast of $15.00 and a low forecast of $4.00.
: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RDFN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RDFN, but not buy additional shares or sell existing shares.
: According to analysts, Redfin's stock has a predicted downside of -20.88% based on their 12-month stock forecasts.
: Over the previous 90 days, Redfin's stock had 1 upgrade by analysts.
: Redfin has been rated by research analysts at B. Riley, Jefferies Financial Group, JPMorgan Chase & Co., Needham & Company LLC, Susquehanna, and Wedbush in the past 90 days.
: Analysts like Redfin less than other "finance" companies. The consensus rating score for Redfin is 2.00 while the average consensus rating score for "finance" companies is 2.48. Learn more on how RDFN compares to other companies.

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This page (NASDAQ:RDFN) was last updated on 10/31/2024 by MarketBeat.com Staff

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Redfin (RDFN) Stock Forecast & Price Target