Key Insights:
- Redfin (RDFN, Financial) recently faced a 2.3% stock price decline due to a larger-than-expected Q1 loss.
- Analysts forecast a potential 9.45% upside in Redfin's stock, with a consensus "Hold" rating.
- GuruFocus estimates suggest a potential downside to a GF Value of $7.00, indicating an overvaluation risk.
Redfin Corp (RDFN) recently reported a 2.3% drop in its stock price after posting a larger-than-anticipated first-quarter loss. The company's GAAP EPS stood at -$0.73, missing the consensus estimate of -$0.70. Despite this, Redfin reported Q1 revenue of $221 million, which aligned with forecasts. This financial performance comes amid news of its impending acquisition by Rocket Companies for $1.75 billion.
Analyst Forecast and Ratings
Looking ahead, Wall Street analysts have set a one-year average target price for Redfin Corp (RDFN, Financial) at $9.96. This includes a high estimate of $12.50 and a low estimate of $6.30. The average target price suggests a potential upside of 9.45% from the current stock price of $9.10. For more detailed projections, visit the Redfin Corp (RDFN) Forecast page.
With input from 14 brokerage firms, Redfin currently holds an average brokerage recommendation of 2.9, signifying a "Hold" status. The rating scale spans from 1 to 5, with 1 representing a Strong Buy and 5 indicating a Sell.
Evaluating GF Value
According to GuruFocus estimates, the projected GF Value for Redfin in one year is $7.00. This estimation points to a potential downside of 23.08% from the present stock price of $9.10. The GF Value is GuruFocus's determination of the stock’s fair trading value, calculated from historical trading multiples, past business growth, and future performance forecasts. Additional information is accessible on the Redfin Corp (RDFN, Financial) Summary page.
These evaluations underscore potential risks and opportunities for investors within the current market environment. Investors should weigh these insights carefully when considering adjustments to their portfolios.
