Stifel Nicolaus analyst John Egbert maintained a Hold rating on Redfin (NASDAQ:RDFN) on Friday, setting a price target of $40, which is approximately 48.75% below the present share price of $78.05.
Egbert expects Redfin to post earnings per share (EPS) of $0.32 for the fourth quarter of 2020.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in Redfin, with an average price target of $57.88.
The analysts price targets range from a high of $84 to a low of $28.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $236.92 million and a net profit of $37.01 million. The company's market cap is $8.02 billion.
According to TipRanks.com, Stifel Nicolaus analyst John Egbert is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 33.9% and a 63.64% success rate.
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.