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Redfin (RDFN) Stock Forecast, Price Target & Predictions

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RDFN Stock Forecast

Redfin stock forecast is as follows: an average price target of $9.50 (represents a 11.50% upside from RDFN’s last price of $8.52) and a rating consensus of 'Hold', based on 18 wall street analysts offering a 1-year stock forecast.

RDFN Price Target

The average price target for Redfin (RDFN) is $9.50 based on 1-year price targets from 18 Wall Street analysts in the past 3 months, with a price target range of $11.50 to $6.50. This represents a potential 11.50% upside from RDFN's last price of $8.52.

RDFN Analyst Ratings

Hold

According to 18 Wall Street analysts, Redfin's rating consensus is 'Hold'. The analyst rating breakdown for RDFN stock is 0 'Strong Buy' (0.00%), 6 'Buy' (33.33%), 10 'Hold' (55.56%), 2 'Sell' (11.11%), and 0 'Strong Sell' (0.00%).

Redfin Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 18, 2024Michael NgGoldman Sachs$6.50$7.02-7.41%-23.71%
Oct 29, 2024Ygal ArounianCitigroup$10.50$10.143.55%23.24%
Oct 22, 2024John ColantuoniJefferies$11.50$10.3710.91%34.98%
May 09, 2024Tom WhiteD.A. Davidson$7.25$6.836.07%-14.91%
May 08, 2024John CampbellStephens$9.00$6.2544.00%5.63%
Dec 13, 2022Citigroup$5.00$5.15-2.91%-41.31%
Nov 10, 2022RBC Capital$5.00$4.3116.01%-41.31%
Aug 27, 2022Shyam PatilSusquehanna$10.50$9.0216.41%23.24%
Aug 05, 2022Thomas ChampionPiper Sandler$7.00$10.38-32.56%-17.84%
Jun 28, 2022Scott DevittStifel Nicolaus$10.00$9.436.04%17.37%
Jun 21, 2022Jason WeaverCompass Point$8.50$7.799.11%-0.23%
May 06, 2022Brad EricksonRBC Capital$14.00$12.2214.52%64.32%
May 06, 2022Thomas ChampionPiper Sandler$10.00$11.33-11.74%17.37%
Apr 27, 2022Thomas ChampionPiper Sandler$11.00$11.97-8.10%29.11%
Apr 19, 2022Goldman Sachs$17.50$14.7818.40%105.40%
Feb 07, 2022John ColantuoniJefferies$32.00$28.5312.16%275.59%
Oct 28, 2021Nat SchindlerBank of America Securities$27.00$52.38-48.45%216.90%
Aug 13, 2021Shyam PatilSusquehanna$60.00$53.4312.30%604.23%

The latest Redfin stock forecast, released on Nov 18, 2024 by Michael Ng from Goldman Sachs, set a price target of $6.50, which represents a -7.41% decrease from the stock price at the time of the forecast ($7.02), and a -23.71% decrease from RDFN last price ($8.52).

Redfin Price Target by Period

1M3M12M
# Anlaysts135
Avg Price Target$6.50$9.50$8.95
Last Closing Price$8.52$8.52$8.52
Upside/Downside-23.71%11.50%5.05%

In the current month, the average price target of Redfin stock is $6.50, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a -23.71% decrease as opposed to Redfin's last price of $8.52. This month's average price target is down -31.58% compared to last quarter, and down -27.37% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 18, 2024Goldman SachsSellDowngrade
Oct 29, 2024CitigroupNeutralNeutralHold
Oct 22, 2024JefferiesHoldHoldHold
Sep 30, 2024B. RileyBuyBuyHold
Sep 03, 2024B. RileyBuyUpgrade
Aug 08, 2024SusquehannaNeutralNeutralHold
May 08, 2024StephensOverweightUpgrade
Sep 28, 2023Morgan StanleyUnderweightInitialise
Sep 28, 2023Maxim GroupHoldDowngrade
Sep 28, 2023Cowen & Co.HoldDowngrade
Sep 28, 2023TD SecuritiesNeutralDowngrade
Sep 28, 2023Evercore ISIOutperformInitialise
Sep 28, 2023BTIGBuyInitialise
Sep 28, 2023UBSNeutralInitialise
Sep 28, 2023BernsteinMarket PerformInitialise
Sep 28, 2023Deutsche BankBuyInitialise
Aug 15, 2023Piper SandlerUnderweightOverweightInitialise
Aug 15, 2023OppenheimerPerformUpgrade
May 05, 2023Compass PointNeutralUpgrade
Feb 07, 2023Piper SandlerUnderweightUnderweightHold
Dec 13, 2022CitigroupNeutralInitialise
Nov 10, 2022Piper SandlerUnderweightUnderweightHold
Aug 27, 2022SusquehannaNeutralNeutralHold
Aug 05, 2022Piper SandlerUnderweightUnderweightHold
Apr 26, 2022Piper SandlerUnderweightDowngrade
Feb 18, 2022RBC CapitalSector PerformDowngrade

Redfin's last stock rating was published by Goldman Sachs on Nov 18, 2024. The company Downgrade its RDFN rating from "null" to "Sell".

Redfin Financial Forecast

Redfin Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$218.08M$268.96M$275.56M$325.66M$479.66M$600.52M$606.91M$597.35M$643.06M$540.07M$471.31M$268.32M$244.52M$236.92M$213.66M$191.00M$233.19M$238.68M
Avg Forecast$316.74M$347.70M$355.08M$248.75M$268.42M$307.83M$310.43M$243.23M$241.90M$280.74M$291.67M$217.79M$220.32M$270.38M$275.70M$314.10M$445.30M$602.72M$615.06M$551.39M$598.80M$539.70M$454.33M$253.31M$235.15M$228.84M$189.08M$178.30M$217.45M$229.98M
High Forecast$332.03M$364.48M$372.22M$260.75M$281.38M$322.69M$325.41M$251.78M$245.01M$282.30M$291.70M$217.79M$225.46M$270.69M$289.00M$329.25M$466.79M$602.72M$615.06M$551.39M$598.80M$539.70M$454.33M$253.31M$235.15M$228.84M$189.08M$178.30M$217.45M$229.98M
Low Forecast$302.56M$332.13M$339.18M$237.61M$256.40M$294.05M$296.52M$231.08M$239.51M$279.19M$291.63M$217.79M$217.85M$270.08M$263.35M$300.03M$425.36M$602.72M$615.06M$551.39M$598.80M$539.70M$454.33M$253.31M$235.15M$228.84M$189.08M$178.30M$217.45M$229.98M
# Analysts644643791266612999555566661377986
Surprise %------------0.99%0.99%1.00%1.04%1.08%1.00%0.99%1.08%1.07%1.00%1.04%1.06%1.04%1.04%1.13%1.07%1.07%1.04%

Redfin's average Quarter revenue forecast for Mar 24 based on 6 analysts is $217.79M, with a low forecast of $217.79M, and a high forecast of $217.79M. RDFN's average Quarter revenue forecast represents a -0.13% decrease compared to the company's last Quarter revenue of $218.08M (Dec 23).

Redfin EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts644643791266612999555566661377986
EBITDA------------$-44.25M$-25.53M$-22.06M$-82.67M$-92.73M$-68.17M$-45.36M$-66.29M$-9.20M$-1.30M$-16.44M$-30.11M$29.88M$40.40M$-388.00K$-54.37M$-2.55M$11.61M
Avg Forecast$-13.26M$-14.55M$-14.86M$-10.41M$-11.24M$-12.88M$-12.99M$-10.18M$-10.13M$-11.75M$-12.21M$-127.58M$-9.22M$-11.32M$-11.54M$-115.98M$-11.71M$-40.79M$-41.62M$-105.44M$-40.52M$-36.52M$-30.75M$-27.45M$-15.91M$-15.49M$-12.80M$-62.34M$-14.72M$-15.56M
High Forecast$-12.66M$-13.90M$-14.20M$-9.95M$-10.73M$-12.31M$-12.41M$-9.67M$-10.03M$-11.69M$-12.21M$-102.06M$-9.12M$-11.30M$-11.02M$-92.78M$-9.36M$-40.79M$-41.62M$-84.35M$-40.52M$-36.52M$-30.75M$-21.96M$-15.91M$-15.49M$-12.80M$-49.87M$-14.72M$-15.56M
Low Forecast$-13.90M$-15.26M$-15.58M$-10.91M$-11.78M$-13.51M$-13.62M$-10.54M$-10.26M$-11.82M$-12.21M$-153.09M$-9.44M$-11.33M$-12.10M$-139.17M$-14.05M$-40.79M$-41.62M$-126.52M$-40.52M$-36.52M$-30.75M$-32.94M$-15.91M$-15.49M$-12.80M$-74.81M$-14.72M$-15.56M
Surprise %------------4.80%2.26%1.91%0.71%7.92%1.67%1.09%0.63%0.23%0.04%0.53%1.10%-1.88%-2.61%0.03%0.87%0.17%-0.75%

6 analysts predict RDFN's average Quarter EBITDA for Mar 21 to be $-27.45M, with a high of $-21.96M and a low of $-32.94M. This is -191.86% lower than Redfin's previous annual EBITDA (Dec 20) of $29.88M.

Redfin Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts644643791266612999555566661377986
Net Income------------$-22.90M$-18.97M$-27.36M$-60.80M$-61.95M$-90.25M$-78.15M$-90.81M$-27.00M$-18.95M$-27.88M$-35.78M$14.04M$34.17M$-6.61M$-60.12M$-7.78M$6.78M
Avg Forecast$-17.82M$-10.44M$-14.75M$-43.62M$-22.74M$-22.98M$-27.38M$-44.89M$-29.87M$-24.91M$-32.02M$-133.06M$-25.95M$-27.94M$-41.25M$-120.96M$-34.34M$-96.80M$-73.37M$-109.97M$-37.81M$-24.82M$-39.52M$-32.63M$5.29M$31.08M$-27.61M$-68.93M$-14.17M$5.17M
High Forecast$-16.78M$-9.84M$-13.89M$-41.08M$-21.41M$-21.64M$-25.79M$-34.79M$-27.38M$-23.46M$-30.15M$-106.45M$-18.53M$-26.31M$-38.84M$-96.77M$-27.47M$-96.80M$-73.37M$-87.97M$-37.81M$-24.82M$-39.52M$-26.10M$5.29M$31.08M$-27.61M$-55.15M$-14.17M$5.17M
Low Forecast$-18.94M$-11.10M$-15.67M$-46.36M$-24.16M$-24.42M$-29.10M$-54.99M$-31.12M$-26.47M$-34.03M$-159.67M$-44.48M$-29.69M$-43.83M$-145.16M$-41.21M$-96.80M$-73.37M$-131.96M$-37.81M$-24.82M$-39.52M$-39.15M$5.29M$31.08M$-27.61M$-82.72M$-14.17M$5.17M
Surprise %------------0.88%0.68%0.66%0.50%1.80%0.93%1.07%0.83%0.71%0.76%0.71%1.10%2.65%1.10%0.24%0.87%0.55%1.31%

Redfin's average Quarter net income forecast for Mar 21 is $-32.63M, with a range of $-39.15M to $-26.10M. RDFN's average Quarter net income forecast represents a -332.47% decrease compared to the company's last Quarter net income of $14.04M (Dec 20).

Redfin SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts644643791266612999555566661377986
SG&A------------$72.54M$79.47M$94.80M$110.87M$87.13M$94.75M$128.48M$102.31M$89.36M$103.54M$114.97M$49.19M$30.87M$33.61M$32.50M$50.03M$27.09M$27.14M
Avg Forecast$69.33M$76.10M$77.72M$54.44M$58.75M$67.38M$67.95M$53.24M$52.95M$61.45M$63.84M$149.91M$48.22M$59.18M$60.34M$136.29M$113.65M$131.92M$134.62M$123.90M$131.06M$118.13M$99.44M$44.85M$51.47M$50.09M$41.39M$57.37M$47.59M$50.34M
High Forecast$72.67M$79.78M$81.47M$57.07M$61.59M$70.63M$71.22M$55.11M$53.63M$61.79M$63.85M$179.90M$49.35M$59.25M$63.26M$163.54M$136.39M$131.92M$134.62M$148.68M$131.06M$118.13M$99.44M$53.82M$51.47M$50.09M$41.39M$68.85M$47.59M$50.34M
Low Forecast$66.22M$72.70M$74.24M$52.01M$56.12M$64.36M$64.90M$50.58M$52.42M$61.11M$63.83M$119.93M$47.68M$59.11M$57.64M$109.03M$90.92M$131.92M$134.62M$99.12M$131.06M$118.13M$99.44M$35.88M$51.47M$50.09M$41.39M$45.90M$47.59M$50.34M
Surprise %------------1.50%1.34%1.57%0.81%0.77%0.72%0.95%0.83%0.68%0.88%1.16%1.10%0.60%0.67%0.79%0.87%0.57%0.54%

Redfin's average Quarter SG&A projection for Mar 24 is $149.91M, based on 6 Wall Street analysts, with a range of $119.93M to $179.90M. The forecast indicates a 106.67% rise compared to RDFN last annual SG&A of $72.54M (Dec 23).

Redfin EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts644643791266612999555566661377986
EPS------------$-0.00-$-0.24$-0.55$-0.57$-0.83$-0.73$-0.85$-0.26$-0.20$-0.29$-0.37$0.12$0.32$-0.08$-0.64$-0.08$0.07
Avg Forecast$-0.14$-0.09$-0.12$-0.35$-0.19$-0.19$-0.22$-0.37$-0.24$-0.20$-0.26$-0.58$-0.21$-0.23$-0.34$-1.01$-1.07$-0.80$-0.61$-1.09$-0.31$-0.21$-0.33$-0.33$0.04$0.26$-0.23$-0.75$-0.12$0.04
High Forecast$-0.14$-0.08$-0.11$-0.33$-0.17$-0.18$-0.21$-0.28$-0.22$-0.19$-0.25$-0.55$-0.15$-0.21$-0.32$-0.95$-1.01$-0.80$-0.61$-1.09$-0.31$-0.21$-0.33$-0.33$0.04$0.26$-0.23$-0.75$-0.12$0.04
Low Forecast$-0.15$-0.09$-0.13$-0.38$-0.20$-0.20$-0.24$-0.45$-0.25$-0.22$-0.28$-0.62$-0.36$-0.24$-0.36$-1.07$-1.14$-0.80$-0.61$-1.09$-0.31$-0.21$-0.33$-0.33$0.04$0.26$-0.23$-0.75$-0.12$0.04
Surprise %------------0.00%-0.71%0.55%0.53%1.03%1.20%0.78%0.83%0.97%0.88%1.12%2.73%1.24%0.35%0.86%0.68%1.63%

According to 6 Wall Street analysts, Redfin's projected average Quarter EPS for Mar 21 is $-0.33, with a low estimate of $-0.33 and a high estimate of $-0.33. This represents a -375.49% decrease compared to RDFN previous annual EPS of $0.12 (Dec 20).

Redfin Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
OMHOhmyhome$0.40$1.50275.00%
OPENOpendoor$1.91$5.63194.76%Buy
RMAXRE/MAX$11.78$16.6741.51%Buy
OPADOfferpad Solutions$3.51$4.6331.91%Buy
RDFNRedfin$8.79$9.508.08%Hold
EXPIeXp World$12.58$13.507.31%Buy
HOUSAnywhere Real Estate$4.18$3.50-16.27%Sell
MMIMarcus & Millichap$39.25$26.00-33.76%Buy

RDFN Forecast FAQ

Is Redfin a good buy?

No, according to 18 Wall Street analysts, Redfin (RDFN) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 33.33% of RDFN's total ratings.

What is RDFN's price target?

Redfin (RDFN) average price target is $9.5 with a range of $6.5 to $11.5, implying a 11.50% from its last price of $8.52. The data is based on 18 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Redfin stock go up soon?

According to Wall Street analysts' prediction for RDFN stock, the company can go up by 11.50% (from the last price of $8.52 to the average price target of $9.5), up by 34.98% based on the highest stock price target, and down by -23.71% based on the lowest stock price target.

Can Redfin stock reach $13?

RDFN's average twelve months analyst stock price target of $9.5 does not support the claim that Redfin can reach $13 in the near future.

What is Redfin's current price target trend?

1 Wall Street analyst forecast a $6.5 price target for Redfin (RDFN) this month, down -23.71% from its last price of $8.52. Compared to the last 3 and 12 months, the average price target increased by 11.50% and increased by 5.05%, respectively.

What are Redfin's analysts' financial forecasts?

Redfin's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.13B (high $1.18B, low $1.08B), average EBITDA is $-47.294M (high $-45.124M, low $-49.443M), average net income is $-118M (high $-104M, low $-133M), average SG&A $247.31M (high $258.55M, low $235.96M), and average EPS is $-0.96 (high $-0.843, low $-1.08). RDFN's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.27B (high $1.33B, low $1.21B), average EBITDA is $-53.085M (high $-50.708M, low $-55.647M), average net income is $-86.628M (high $-81.584M, low $-92.063M), average SG&A $277.6M (high $290.99M, low $265.16M), and average EPS is $-0.705 (high $-0.664, low $-0.749).

Did the RDFN's actual financial results beat the analysts' financial forecasts?

Based on Redfin's last annual report (Dec 2023), the company's revenue was $976.67M, which missed the average analysts forecast of $1.08B by -9.61%. Apple's EBITDA was $-218M, beating the average prediction of $-148M by 47.28%. The company's net income was $-130M, missing the average estimation of $-216M by -39.83%. Apple's SG&A was $356.65M, beating the average forecast of $304.03M by 17.31%. Lastly, the company's EPS was $-0.0011, missing the average prediction of $-1.783 by -99.94%. In terms of the last quarterly report (Dec 2023), Redfin's revenue was $218.08M, missing the average analysts' forecast of $220.32M by -1.02%. The company's EBITDA was $-44.253M, beating the average prediction of $-9.222M by 379.88%. Redfin's net income was $-22.898M, missing the average estimation of $-25.945M by -11.75%. The company's SG&A was $72.54M, beating the average forecast of $48.22M by 50.42%. Lastly, the company's EPS was $-0.0002, missing the average prediction of $-0.211 by -99.91%