Susquehanna lowered the firm’s price target on Redfin (RDFN) to $7 from $10 and keeps a Neutral rating on the shares. The firm said the company continued to face a challenging macro in 4Q and expects this to persist in 2025. The company also plans to significantly increase marketing spend in 1Q to drive share gains, and this is expected to impact near-term profitability.
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