Jefferies analyst John Colantuoni raised the firm’s price target on Redfin (RDFN) (RDFN0 to $11.50 from $7.50 and keeps a Hold rating on the shares. Among the U.S. Internet group, the firm prefers names either skewed to high-income consumers – like DoorDash (DASH) and Uber (UBER) – or with exposure to end-markets nearing inflection – such as ACV Auctions (ACVA), CarGurus (CARG) and Zillow (Z) – the analyst tells investors in a preview. Among the group, Zillow remains the firm’s top overall pick, while Uber is its top large cap pick, the analyst noted.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
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 (RDFN) Posts Drop-Off in Revenue, but Real Estate Is Bouncing Back
- Redfin price target raised to $15 from $13 at B. Riley
- Redfin management to meet virtually with B. Riley
- DA Davidson technology analyst holds an analyst/industry conference call