Redfin initiated at positive at SIG [MarketWatch]
Redfin Corporation (RDFN)
Last redfin corporation earnings: 2/12 04:01 pm
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US:NASDAQ Investor Relations:
investors.redfin.com/investor-relations
Company Research
Source: MarketWatch
Redfin initiated at positive at SIG Susquehanna International Group analysts on Thursday initiated coverage on shares of Redfin Corp. RDFN, +7.00% giving the stock a positive rating and forecasting stronger market share for the Seattle-based discount brokerage. Redfin's market share has more than doubled since 2016, the analysts noted, and as the company grabs more business, it should become profitable. The analyst team believes consumers aren't aware that Redfin is a brokerage, and believes a substantial mass advertising campaign will help increase awareness. Still, it's also the case that Redfin has been around for more than a decade and still has only 0.85% market share nationally, they acknowledged, and a deteriorating housing market isn't going to help in the short term. The analysts assign a $19 price target to Redfin shares, an 11% premium to current trading levels. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
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RDFN
News
- Redfin Reports the Typical U.S. Luxury Home Costs More Than Ever BeforeBusiness Wire
- Redfin Reports the Cost of Buying a Home Hits New Record As Mortgage Rates Jump, Prices Rise 5%Business Wire
- Redfin Report: Nearly Half of Biden Voters Want to Live in Place Where Weed Is Legal, Compared to Only 12% of Trump VotersBusiness Wire
- Redfin Survey: 70% of Florida Homeowners Have Seen Rise in Insurance Costs or Changes in CoverageBusiness Wire
- Redfin Reports Nearly 40% of Renters Think They’ll Never Own a Home, Up From 27% Last YearBusiness Wire
RDFN
Earnings
- 2/27/24 - Beat
RDFN
Sec Filings
- 3/7/24 - Form 4
- 3/4/24 - Form 4
- 3/1/24 - Form 144
- RDFN's page on the SEC website