tiprankstipranks
The Fly

Redfin price target lowered to $6.30 from $7.75 at BofA

Redfin price target lowered to $6.30 from $7.75 at BofA

BofA lowered the firm’s price target on Redfin (RDFN) to $6.30 from $7.75 and keeps an Underperform rating on the shares after a “mixed” Q4 and outlook that came in below the Street view. Following the report and guidance, the firm is lowering its 2025 revenue forecast by 17% and remains cautious on the long-term profitability prospects, the analyst tells investors.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

1