
Redfin (RDFN) Stock Forecast & Price Target
Redfin (RDFN) Analyst Ratings
Bulls say
Redfin Corp has demonstrated growth in its market share, particularly in key geographies such as the West and Southwest, indicating a strong competitive position in the residential real estate sector. The company's strategy of leveraging technology combined with a local service approach is anticipated to enhance profit margins and support its path to greater profitability, especially as brand awareness continues to grow. Additionally, with the potential for increased consolidation in the industry, Redfin's existing market share of 0.72% and limited revenue concentration in a few markets suggest further opportunities for financial gains.
Bears say
Redfin Corp faces significant challenges that contribute to a negative outlook on its stock, primarily driven by ongoing struggles with lead agent conversion and potential defensive hiring measures aimed at mitigating operating losses amidst declining transaction volumes. The company is experiencing a deceleration in real estate growth, exacerbated by rising interest rates and a low supply of homes for sale, which adversely affects brokerage transactions. Additionally, Redfin's overhiring of agents relative to market demand is resulting in gross margin compression, further reducing its financial viability compared to both asset-light internet peers and traditional brokerage firms.
This aggregate rating is based on analysts' research of Redfin and is not a guaranteed prediction by Public.com or investment advice.
Redfin (RDFN) Analyst Forecast & Price Prediction
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