Article Highlights:
- Redfin sees a significant increase in seller concessions due to market conditions.
- Average analyst price target for Redfin Corp shows potential upside.
- Current consensus recommends holding Redfin stock.
In the first quarter of 2025, a striking 44.4% of U.S. home sellers introduced concessions to entice buyers, a noteworthy rise from 39.3% in the previous year, as revealed by Redfin (RDFN, Financial). This uptick is indicative of prevailing high home prices and elevated mortgage rates, which are motivating sellers to enhance the attractiveness of their offers.
Wall Street's Perspective on Redfin Corp
Wall Street analysts have set their sights on Redfin Corp (RDFN, Financial), with ten experts offering a one-year price target average of $9.96. This target varies with a high of $12.50 and a low of $6.30. The average target suggests a promising upside of 20.44% from Redfin's current trading value of $8.27. Investors seeking a deeper dive can find additional details on the Redfin Corp (RDFN) Forecast page.
Brokerage Firm Recommendations
According to the consensus from 14 brokerage firms, Redfin Corp (RDFN, Financial) has an average recommendation rating of 2.9, which aligns with a "Hold" status. This rating is determined on a scale from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Sell. Such insights can be crucial for investors considering their next move.
Understanding Redfin's GF Value
GuruFocus provides a unique perspective with its GF Value estimation for Redfin Corp (RDFN, Financial), foreseeing a future value of $6.97 in one year. This estimate indicates a potential downside of 15.72% from the current price of $8.27. The GF Value is a calculated assessment based on historical trading multiples, past business growth, and future performance projections. To explore more detailed data, visit the Redfin Corp (RDFN) Summary page.
