Analyst Expectations for Redfin's Future
Portfolio Pulse from Benzinga Insights
Analysts have given Redfin (NASDAQ:RDFN) indifferent to somewhat bearish ratings in the last quarter. The average price target is $10.31, which is lower than the current price of $15.8112, implying a downside. This average has increased by 15.84% from the previous average price target of $8.90.
July 25, 2023 | 4:01 pm
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NEGATIVE IMPACT
Analysts' somewhat bearish ratings and lower price target suggest a potential downside for Redfin's stock.
Analysts' ratings are a significant factor influencing stock prices. The indifferent to somewhat bearish ratings and lower price target for Redfin indicate a potential downside, which could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100