Oppenheimer Maintains Underperform on Redfin, Raises Price Target to $10.5
Portfolio Pulse from richadhand@benzinga.com
Oppenheimer analyst Jason Helfstein maintains an Underperform rating on Redfin (NASDAQ:RDFN) and raises the price target from $8.5 to $10.5.
July 19, 2023 | 12:17 pm
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Redfin's price target has been raised from $8.5 to $10.5 by Oppenheimer, though the Underperform rating is maintained.
While the increase in price target indicates a positive outlook for Redfin, the maintained Underperform rating suggests that the analyst still expects the stock to underperform. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100