Analysts who follow Redfin Corp (RDFN) on average expect it to climb 155.13% over the next twelve months. These same analysts give the stock an average buy rating. This average rating earns Redfin Corp an analyst rating of 12, meaning it ranks above 12 of stocks, based on data compiled by InvestorsObserver.
Why are analyst ratings important?
You can learn a lot about a company by looking at its financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research. They usually follow a particular sector or industry very closely. They also pay attention and ask questions during earnings conference calls and other events where they might learn information that appears in the numbers.
InvestorsObserver takes the average rating of these analysts and then ranks these averages into percentiles. This allows you to compare stocks in a much more granular way than just seeing the typical five-tier rating system used across much of Wall Street.
What’s going on with Redfin Corp shares today?
Redfin Corp (RDFN) stock fell -4.18% while the S&P 500 gained 0.48% at 2:33 p.m. Wednesday, June 15. RDFN is down -$0.34 from the previous closing price of $8.13 on volume of 3,466,377 shares. Over the past year, the S&P 500 is down -11.61% while the RDFN is down -86.71%. RDFN has lost -$1.61 per share over the past 12 months. Click here for the full Redfin Corp stock report.
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