Redfin Corp. (RDFN) PT Lowered to $44 at Stifel Ahead of Earnings

January 28, 2022 6:56 AM EST
Get Alerts RDFN Hot Sheet
Price: $9.97 --0%

Rating Summary:
    6 Buy, 15 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 20 | New: 10
Trade Now! 
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Stifel analyst John Egbert lowered the price target on Redfin Corp. (NASDAQ: RDFN) to $33.00 (from $60.00) ahead of reporting earnings in February.

The analyst reiterated a Hold rating, stating "we see relatively balanced risk / reward profiles given recent market conditions. However, we note the U.S. housing market remains healthy and provides a favorable operating environment for our coverage in 2022 if current trends can persist, and valuations have witnessed a large reset despite nearly two years of a booming housing market". He went on to state "we taper our estimates to better reflect the material valuation reset across the broader Internet sector".



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst PT Change

Related Entities

Stifel, Earnings