RBC Capital analyst Mark Mahaney reiterated a Buy rating on Redfin Corp (RDFN) on November 9 and set a price target of $20. The company’s shares opened today at $15.78, close to its 52-week low of $13.50.
According to TipRanks.com, Mahaney is a top 100 analyst with an average return of 20.8% and a 62.6% success rate. Mahaney covers the Technology sector, focusing on stocks such as Eventbrite Inc, Alphabet Inc, and Upwork Inc.
Currently, the analyst consensus on Redfin Corp is a Moderate Buy with an average price target of $20.67, a 31.0% upside from current levels. In a report issued on November 9, Oppenheimer also maintained a Buy rating on the stock with a $21 price target.
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Based on Redfin Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $3.48 million. In comparison, last year the company had a net profit of $10.56 million.
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Redfin Corp. is a technology-powered residential real estate brokerage, which engages in buying and selling homes. It operates through Real Estate and Other segments. The Real Estate segment consists of real estate transactions.
