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NASDAQ: RDFN
Redfin Corp Stock Forecast, Predictions & Price Target

Analyst price target for RDFN

Based on 11 analysts offering 12 month price targets for Redfin Corp.
Min Forecast
$28.00-42.23%
Avg Forecast
$69.00+42.36%
Max Forecast
$102.00+110.44%

Should I buy or sell RDFN stock?

Based on 13 analysts offering ratings for Redfin Corp.
Buy
Strong Buy
3 analysts 23.08%
Buy
2 analysts 15.38%
Hold
7 analysts 53.85%
Sell
1 analysts 7.69%
Strong Sell
0 analysts 0%

RDFN stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
Susquehanna
Top 30%
71
HoldInitiates Coverage On$60.00+23.79%2021-08-13
Wedbush
Top 26%
75
BuyMaintains$78.00+60.92%2021-08-11
DA Davidson
Top 19%
82
HoldMaintains$62.00+27.91%2021-08-09
RBC Capital
Top 1%
100
BuyMaintains$66.00+36.17%2021-08-06
Anonymous
Berenberg
HoldInitiates Coverage On$64.00+32.04%2021-07-21
Stephens & Co.
Top 6%
95
Strong BuyUpgrades$71.00+46.48%2021-06-03
Piper Sandler
Bottom 9%
9
Strong BuyMaintains$75.00+54.73%2021-05-06
Needham
Top 9%
92
HoldInitiates Coverage OnN/AN/A2021-04-27
Evercore ISI Group
Top 3%
98
HoldInitiates Coverage On$75.00+54.73%2021-04-06
Truist Securities
Top 12%
89
Strong BuyMaintains$102.00+110.44%2021-02-23

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Forecast return on equity

Is RDFN forecast to generate an efficient return?
Company
33.19%
Industry
37.9%
Market
30.41%
RDFN's Return on Equity is forecast to be high in 3 years (33.19%); analysts are confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is RDFN forecast to generate an efficient return on assets?
Company
5.4%
Industry
7.92%
Market
15.13%
RDFN is forecast to generate lower Return on Assets (5.4%) than the US Real Estate industry average (7.92%)
Forecast

RDFN earnings per share forecast

What is RDFN's earnings per share in the next 3 years based on estimates from 10 analysts?
Avg 1 year Forecast
-$0.89+323.81%
Avg 2 year Forecast
-$0.67+218.57%
Avg 3 year Forecast
-$0.20-3.95%

RDFN revenue forecast

What is RDFN's revenue in the next 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$1.8B+46.46%
Avg 2 year Forecast
$2.4B+97.8%
Avg 3 year Forecast
$3.1B+151.64%
RDFN's revenue is forecast to grow at an exceptional rate of 36.02% per year
Forecast

RDFN revenue growth forecast

How is RDFN forecast to perform vs Real Estate companies and vs the US market?
Company
36.02%
Industry
6.32%
Market
12.2%
RDFN's revenues are forecast to grow faster (36.02% per year) than the US Real Estate industry average (6.32%)
Forecast
RDFN's revenues are forecast to grow faster (36.02% per year) than the US market average (12.2%)
Forecast

Redfin Corp Stock Forecast FAQ

Is Redfin Corp Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 13 Wall Street analysts covering (NASDAQ: RDFN) stock is to Buy RDFN stock.

Out of 13 analysts, 3 (23.08%) are recommending RDFN as a Strong Buy, 2 (15.38%) are recommending RDFN as a Buy, 7 (53.85%) are recommending RDFN as a Hold, 1 (7.69%) are recommending RDFN as a Sell, and 0 (0%) are recommending RDFN as a Strong Sell.

What is RDFN's earnings growth forecast for 2021-2023?

(NASDAQ: RDFN) Redfin Corp's forecast annual earnings growth rate of N/A is not forecast to beat the US Real Estate industry's average forecast earnings growth rate of 44.32%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.84%.

Redfin Corp's earnings in 2021 is -$23,498,000.On average, 10 Wall Street analysts forecast RDFN's earnings for 2021 to be $-93,372,057, with the lowest RDFN earnings forecast at $-137,435,275, and the highest RDFN earnings forecast at $-44,063,218. On average, 10 Wall Street analysts forecast RDFN's earnings for 2022 to be $-70,186,412, with the lowest RDFN earnings forecast at $-131,140,530, and the highest RDFN earnings forecast at $49,308,839.

In 2023, RDFN is forecast to generate $-21,160,836 in earnings, with the lowest earnings forecast at $-87,077,312 and the highest earnings forecast at $39,866,721.

What is RDFN's revenue growth forecast for 2021-2023?

(NASDAQ: RDFN) Redfin Corp's forecast annual revenue growth rate of 36.02% is forecast to beat the US Real Estate industry's average forecast revenue growth rate of 6.32%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 12.2%.

Redfin Corp's revenue in 2021 is $1,221,067,000.On average, 8 Wall Street analysts forecast RDFN's revenue for 2021 to be $187,626,113,469, with the lowest RDFN revenue forecast at $181,676,844,641, and the highest RDFN revenue forecast at $197,588,597,252. On average, 8 Wall Street analysts forecast RDFN's revenue for 2022 to be $253,397,495,585, with the lowest RDFN revenue forecast at $209,709,444,334, and the highest RDFN revenue forecast at $282,277,368,014.

In 2023, RDFN is forecast to generate $322,359,684,166 in revenue, with the lowest revenue forecast at $240,920,890,474 and the highest revenue forecast at $385,731,509,321.

What is RDFN's forecast return on assets (ROA) for 2021-2024?

(NASDAQ: RDFN) forecast ROA is 5.4%, which is lower than the forecast US Real Estate industry average of 7.92%.

What is RDFN's Price Target?

According to 11 Wall Street analysts that have issued a 1 year RDFN price target, the average RDFN price target is $69.00, with the highest RDFN stock price forecast at $102.00 and the lowest RDFN stock price forecast at $28.00.

On average, Wall Street analysts predict that Redfin Corp's share price could stay at $69.00 by Aug 13, 2022. The average Redfin Corp stock price prediction forecasts a potential downside of N/A from the current RDFN share price of $48.47.

What is RDFN's Earnings Per Share (EPS) forecast for 2021-2023?

(NASDAQ: RDFN) Redfin Corp's current Earnings Per Share (EPS) is -$0.21. On average, analysts forecast that RDFN's EPS will be $-0.89 for 2021, with the lowest EPS forecast at $-1.31, and the highest EPS forecast at $-0.42. On average, analysts forecast that RDFN's EPS will be $-0.67 for 2022, with the lowest EPS forecast at $-1.25, and the highest EPS forecast at $0.47. In 2023, RDFN's EPS is forecast to hit $-0.20 (min: $-0.83, max: $0.38).

What is RDFN's forecast return on equity (ROE) for 2021-2024?

(NASDAQ: RDFN) forecast ROE is 33.19%, which is considered strong.
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