Redfin (RDFN) Stock Price Prediction 2023, 2024, 2025, 2030, 2040 for long-term investment? Is RDFN Stock a good investment for long-term? Is a right time to buy RDFN Stock?
If you are looking for the Redfin (RDFN) Stock Price Prediction or finding the potential of the Redfin (RDFN) stock, this price forecast can be helpful for you. Our Redfin (RDFN) Stock Price Forecast is based on a deep technical analysis and the past performance of Redfin (RDFN) Stock tock. Here we will try to analyze the potential of Redfin (RDFN) Stock in the long term.
But before Redfin (RDFN) Stock's future price forecast, let us have a look at the Redfin company's business model and Revenue and Net Profit Growth.
About of Redfin Corporation
The Redfin Corporation is engaged in providing residential real estate search and brokerage services. The company provides an online real estate marketplace and provides real estate services, such as assisting individuals to purchase or sell their residential property. It also provides title and settlement services and originate mortgages.
The company was founded by David Selinger, David Eraker, and Michael Dougherty in October 2002 and is headquartered in Seattle, WA.
Redfin Corporation's Total Revenue and Net Profit This Year?
The Redfin Corporation's revenue has seen tremendous growth year after year. Five years ago, the total revenue of the companies was $340 million. Whereas this year, the total revenue of the company has increased to $2300 million.
But the gross profit of the company is very low. Apart from this, the company's management is spending a lot of money to grow its business. That's why the net profit of the company is negative. This year, the net profit of the company is -$322 million.
Redfin (RDFN) Stock Price Prediction 2023
The year 2022 saw a decline in Redfin stock from its high price of $92. But in the last six months, there has been a tremendous jump in the RDFN Stock Price. If this boom is seen in the stock even further, then the price of Redfin stock can reach $19 to $21 at the end of the year 2023.
Redfin (RDFN) Stock Price Prediction 2025
Experts believe that good growth can be seen in the business of online real estate services in the future. If we talk about Redfin stock price prediction 2025, if there is a boom in the stock market in the year 2025, then in the year 2025 the average price of Redfin stock can reach $26 and the maximum price $29.
Redfin (RDFN) Stock Price Prediction 2030
Redfin Corporation's revenue is seeing good compounded growth year after year. Looking at the company's past performance, Redfin Corporation's total revenue could reach $10 billion in the year 2030.
If we talk about Redfin stock price prediction 2030, then according to our analysis, Redfin stock price can reach a new all-time high in the year 2030. In the year 2030, Redfin's stock price can be $67 and its minimum price can be $58. Redfin stock's maximum price can reach $80 in the year 2030.
Redfin Stock Price Prediction 2040
If we talk about Redfin stock's long-term price prediction, then the online estate marketplace is expected to do well in the future. Redfin's stock average price is expected to reach $185 and a maximum of $215 in the year 2040.
Frequently asked questions
Dose Redfin pay a dividends ?
The company is still a new company and is not making any net profit yet. That's why the company does not give any dividend to its investors right now.
Is Redfin Stock a good investment ?
Looking at the increasing revenue of the company, it would not be wrong to say that Redfin stock is a good investment. But the market cap of the company is still very low, so there will be continuous volatility in the stock.
What is RDFN Stock Price Forecast for next 5 years?
The stock price is trading at an overvalued price even after the fall. But due to the company's growing revenue and good cash flow, the RDFN Stock Price can reach $40 to $45 in the next five years.
What is RDFN Stock Price Prediction for 2025 ?
If we talk about Redfin stock price prediction 2025, then in the year 2025 the average price of Redfin stock can reach $27 and the maximum price $30.
What is RDFN Stock Price Prediction for 2030?
In the year 2030, Redfin's stock price can be $67 and its minimum price can be $58. Redfin stock's maximum price can reach $80 in the year 2030.
Disclaimer: "The information given in this article is for your knowledge only; we do not advise you to invest in any stock. Because there is a lot of volatility in the stock and a risk of loss. That's why you shouldn't invest in stocks just by looking at someone or just by what someone says without thinking. Before buying any company's stock, you must do complete research on your behalf or take advice from your financial advisor. So that in the future, unwanted losses can be avoided".