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The latest announcement is out from Redfin ( (RDFN) ).
On July 1, 2025, Redfin completed a merger with Rocket, becoming a wholly owned subsidiary. As part of this merger, Redfin’s convertible senior notes due in 2025 and 2027 became convertible into Rocket’s Class A common stock. The merger also led to the issuance of Rocket’s senior notes, which are guaranteed by Rocket Mortgage and its subsidiaries, and will be further guaranteed by Mr. Cooper and its subsidiaries upon the completion of Rocket’s acquisition of Mr. Cooper Group Inc. Additionally, Redfin’s shares were delisted from Nasdaq, and its reporting obligations under the Securities Exchange Act were suspended.
The most recent analyst rating on (RDFN) stock is a Sell with a $6.00 price target. To see the full list of analyst forecasts on Redfin stock, see the RDFN Stock Forecast page.
Spark’s Take on RDFN Stock
According to Spark, TipRanks’ AI Analyst, RDFN is a Neutral.
The overall stock score is impacted significantly by financial performance, highlighting Redfin’s financial instability and ongoing losses. While technical analysis suggests short-term bullish momentum, valuation concerns and corporate legal challenges add substantial risk.
To see Spark’s full report on RDFN stock, click here.
More about Redfin
Average Trading Volume: 7,102,637
Technical Sentiment Signal: Buy
Current Market Cap: $1.44B
Find detailed analytics on RDFN stock on TipRanks’ Stock Analysis page.