Citi raised the firm’s price target on Redfin (RDFN) to $9.20 from $7.30 and keeps a Neutral rating on the shares. The company reported Q1 revenue and adjusted EBITDA ahead of expectations, but didn’t guide to Q2 in light of the pending acquisition, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RDFN: