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Redfin Corp has a consensus price target of $9.89 based on the ratings of 20 analysts. The high is $36 issued by Stifel on February 18, 2022. The low is $4 issued by Piper Sandler on November 6, 2023. The 3 most-recent analyst ratings were released by JP Morgan, Susquehanna, and Wedbush on November 12, 2024, November 11, 2024, and November 8, 2024, respectively. With an average price target of $9.33 between JP Morgan, Susquehanna, and Wedbush, there's an implied 5.22% upside for Redfin Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Redfin (NASDAQ:RDFN) was reported by JP Morgan on November 12, 2024. The analyst firm set a price target for $8.00 expecting RDFN to fall to within 12 months (a possible -9.81% downside). 22 analyst firms have reported ratings in the last year.
The latest analyst rating for Redfin (NASDAQ:RDFN) was provided by JP Morgan, and Redfin maintained their neutral rating.
The last upgrade for Redfin Corp happened on September 3, 2024 when B. Riley Securities raised their price target to $13. B. Riley Securities previously had a neutral for Redfin Corp.
The last downgrade for Redfin Corp happened on February 29, 2024 when Gordon Haskett changed their price target from N/A to $5.5 for Redfin Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Redfin, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Redfin was filed on November 12, 2024 so you should expect the next rating to be made available sometime around November 12, 2025.
While ratings are subjective and will change, the latest Redfin (RDFN) rating was a maintained with a price target of $7.00 to $8.00. The current price Redfin (RDFN) is trading at is $8.87, which is out of the analyst’s predicted range.
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