Redfin Corp. (RDFN) PT Raised to $26 at RBC Capital
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Price: $11.19 --0%
Rating Summary:
5 Buy, 21 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
Rating Summary:
5 Buy, 21 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
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RBC Capital analyst Mark Mahaney raised the price target on Redfin Corp. (NASDAQ: RDFN) to $26.00 (from $24.00) while maintaining an Outperform rating.
The analyst commented, "RDFN posted Q3 Results that beat the Street on Revenue & Net Income (tho Revenue upside almost entirely from Redfin Now). Q4 guidance is above Street on Revenue & brackets on Net Income. Gross Margin expansion across RDFN’s three segments was a positive. Tweaking ests. PT to $26 (from $24)."
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