BofA lowered the firm’s price target on Redfin (RDFN) to $7.75 from $8.15 and keeps an Underperform rating on the shares. The firm, which is rolling forward its valuation base to 2026, is lowering its existing home volume growth forecast for 2025 to 2% year-over-year from 5% growth previously forecast. The firm also lowers its estimate for existing home transaction growth to 5% from 8% previously.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RDFN:
- Redfin call volume above normal and directionally bullish
- Redfin price target lowered to $9 from $10.50 at Citi
- Redfin says U.S. pending home sales up 12.1% in four weeks ending Nov. 24
- DOJ says realtor group settlement could harm competition, Reuters reports
- Buy/Sell: Wall Street’s top 10 stock calls this week