DA Davidson Maintains Neutral on Redfin, Raises Price Target to $7.5
DA Davidson analyst Tom White maintains Redfin (NASDAQ:RDFN) with a Neutral and raises the price target from $5.5 to $7.5.
Housing Market Bottoms Out Per JPMorgan’s Initiation Of Redfin, Zillow
Last summer, Federal Reserve chair Jerome Powell laid out a plan to reset the U.S. housing market, which has been putting the squeeze on aspiring homeowners.
How? By increasing interest rates, and subsequently spiking mortgage rates.
JP Morgan Initiates Coverage On Redfin with Neutral Rating, Announces Price Target of $8
JP Morgan analyst Dae Lee initiates coverage on Redfin (NASDAQ:RDFN) with a Neutral rating and announces Price Target of $8.
Oppenheimer Maintains Underperform on Redfin, Raises Price Target to $7
Oppenheimer analyst Jason Helfstein maintains Redfin (NASDAQ:RDFN) with a Underperform and raises the price target from $3.2 to $7.
Piper Sandler Maintains Underweight on Redfin, Raises Price Target to $5
Piper Sandler analyst Thomas Champion maintains Redfin (NASDAQ:RDFN) with a Underweight and raises the price target from $3 to $5.
Redfin Takes A Hit In 2022, Is The Company’s Goal Of Profitability In 2023 Realistic?
Redfin Corp (NASDAQ: RDFN) reported a year of losses and declining gross profits in its year-end earnings report for 2022.
Oppenheimer Maintains Underweight on Redfin, Raises Price Target to $7
Oppenheimer analyst Jason Helfstein maintains Redfin (NASDAQ:RDFN) with a Underweight and raises the price target from $3.2 to $7.
Earnings Scheduled For February 16, 2023
Companies Reporting Before The Bell
• RELX (NYSE:RELX) is estimated to report earnings for its Fiscal Year 2022.
• Coca-Cola Europacific (NASDAQ:CCEP) is expected to report earnings for its Fiscal Year 2022.
Has The Housing Market Bottomed? Here’s What The Data Suggests
The U.S. housing market may have bottomed, according to some real-estate analysts, citing multiple data points.
Why Stocks Like Coinbase, Carvana And Upstart Are Moving Lower Friday
Friday’s jobs report crushed expectations, showing the resiliency of the U.S. economy, despite higher interest rates.
So, if the economy looks OK, why are stocks trading lower?