Redfin Is Up 165% in 2023 -- Could It Still Be a Long-Term Bargain?

By Matt Frankel – May 15, 2023 at 6:12AM

NASDAQ: RDFN

Redfin

Market Cap

$620M

Today's Change

(-2.07%) -$0.11

Current Price

$5.20

Price as of April 19, 2024, 4:00 p.m. ET

The real estate disruptor has rebounded nicely, but does it have a bright future?

Real estate technology company Redfin (RDFN -2.07%) has rebounded sharply in 2023, but it is still losing money and the real estate market remains slow. In this video, I discuss the latest numbers out of Redfin and how the business is doing.

*Stock prices used were the midday prices of May 11, 2023. The video was published on May 11, 2023.

Matthew Frankel, CFP® has positions in Redfin. The Motley Fool has positions in and recommends Redfin. The Motley Fool recommends the following options: short May 2023 $16 calls on Redfin. The Motley Fool has a disclosure policy.

Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.