Susquehanna Maintains Neutral on Redfin, Raises Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Shyam Patil has maintained a Neutral rating on Redfin (NASDAQ:RDFN) and raised the price target from $7 to $8.
May 13, 2024 | 11:47 am
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Susquehanna analyst Shyam Patil maintains a Neutral rating on Redfin but raises the price target from $7 to $8, indicating a potential upside in the stock's valuation.
The increase in price target by Susquehanna suggests a positive adjustment in the valuation of Redfin, which could lead to short-term investor optimism. However, the Neutral rating indicates that the analyst sees limited overall upside, balancing the potential impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100