tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Redfin price target raised to $12.50 from $8 at RBC Capital

RBC Capital raised the firm’s price target on Redfin (RDFN) to $12.50 from $8 and keeps a Sector Perform rating on the shares. The firm is adjusting its model after the company’s acquisition by Rocket Companies (RKT) announced last month. Rocket’s stated approach could potentially unlock value and looks to be a very good outcome for Redfin shareholders, RBC states, adding it wouldn’t expect competing bids.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1