RBC Capital Says That Redfin Corp (RDFN) Has $28.0 Stock Target

August 24, 2017 - By Hazel Jackson

 RBC Capital Says That Redfin Corp (RDFN) Has $28.0 Stock Target

Why Has RBC Capital Given Redfin Corp (RDFN) a $28.0 Price Target

Research analysts at RBC Capital started coverage on Redfin Corp (RDFN) with a key “Hold” rating. The target price for RDFN is exactly $28.0. It indicates a possible upside of 9.29 % from firm’s current stock price.

Redfin Corp (NASDAQ:RDFN) Ratings Coverage

Among 4 analysts covering Redfin Corp (RDFN), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Redfin Corp has $31.0 highest and $20.0 lowest target. $25.75’s average target is 0.51% above currents $25.62 stock price. Redfin Corp had 4 analyst reports since August 22, 2017 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, August 22 by RBC Capital Markets. Goldman Sachs initiated Redfin Corp (NASDAQ:RDFN) rating on Tuesday, August 22. Goldman Sachs has “Hold” rating and $20.0 target. The firm has “Hold” rating given on Tuesday, August 22 by Stifel Nicolaus. Oppenheimer initiated it with “Buy” rating and $31.0 target in Tuesday, August 22 report.

About 275,033 shares traded. Redfin Corp (RDFN) has 0.00% since August 24, 2016 and is . It has underperformed by 16.70% the S&P500.

Redfin Corporation is engaged in providing residential real estate brokerage services. The company has market cap of $2.04 billion. The customer can search for homes by neighborhood, city or MLS number, or can refine results using detailed parameters, such as price and number of beds or baths. It currently has negative earnings. The Firm serves home buyers and sellers.

More notable recent Redfin Corp (NASDAQ:RDFN) news were published by: Nypost.com which released: “Redfin IPO soars 45 percent on first day of trading” on July 29, 2017, also Seekingalpha.com with their article: “Redfin IPO, Tech Company Changing Real Estate Industry” published on July 26, 2017, Marketwatch.com published: “25.92” on July 05, 2017. More interesting news about Redfin Corp (NASDAQ:RDFN) were released by: Marketwatch.com and their article: “Six things to know about the real-estate company Redfin before it goes public” published on July 05, 2017 as well as Marketwatch.com‘s news article titled: “Redfin sets IPO terms for up to $1.1 billion valuation” with publication date: July 17, 2017.

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