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.
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>>
Read More on RDFN: