Redfin Stockholders Approve Merger with Rocket Companies

The latest announcement is out from Redfin ( (RDFN) ).

On June 4, 2025, Redfin Corporation held a special meeting of stockholders to vote on two proposals related to a merger with Rocket Companies, Inc. The Merger Proposal and the Compensation Proposal were both approved, paving the way for Redfin to become a wholly owned subsidiary of Rocket. The merger is expected to close on or before July 1, 2025, following the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and the satisfaction of remaining conditions.

The most recent analyst rating on (RDFN) stock is a Hold with a $8.00 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.

Redfin’s overall stock score reflects significant financial challenges with ongoing losses and high leverage. Positive momentum from technical analysis and strategic growth initiatives are tempered by valuation concerns and legal uncertainties related to the merger.

To see Spark’s full report on RDFN stock, click here.

More about Redfin

Redfin Corporation operates in the real estate industry, primarily offering real estate brokerage services. The company focuses on providing technology-driven solutions for buying and selling homes.

Average Trading Volume: 8,827,257

Technical Sentiment Signal: Buy

Current Market Cap: $1.29B

See more insights into RDFN stock on TipRanks’ Stock Analysis page.