In a report released today, Brad Erickson from Needham reiterated a Hold rating on Redfin (RDFN). The company’s shares closed last Thursday at $47.81.
According to TipRanks.com, Erickson is a 5-star analyst with an average return of 24.8% and a 55.1% success rate. Erickson covers the Technology sector, focusing on stocks such as Zillow Group Class A, Zillow Group Class C, and Fiverr International.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Redfin with a $55.14 average price target.
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The company has a one-year high of $56.31 and a one-year low of $9.63. Currently, Redfin has an average volume of 1.41M.
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Redfin Corp. provides real estate brokerage services. The firm engages in buying and selling homes. It operates through the following segments: Real Estate Services and Properties. The Real Estate Services segment consists of revenue transactions. The Properties segment consists of home purchase costs, capitalized improvements, selling expenses and home maintenance expenses. The company was founded by David Selinger, David Eraker, and Michael Dougherty in 2004 and is headquartered in Seattle, WA.
