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Sell Redfin stock because business is 'fundamentally flawed,' analyst says

Por: MarketWatch Politics November 07, 2022

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It has already plunged 61.3% over the past three months through Friday, and 91.9% over the past 12 months, and analyst Helfstein’s new price target suggests it could lose another two-thirds of its value. “We believe Redfin’s core business is fundamentally flawed with fixed-cost model for agents versus 100% commission for industry,” Helfstein wrote in a note to clients. Helfstein cut his rating to underperform, after being a perform from... + full article



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