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Can Redfin Succeed If the Real Estate Market Stays Slow?

Redfin aims to be profitable next year. Is that still on track?

By Matt Frankel, CFP and Tyler Crowe – Oct 31, 2023 at 6:33AM EST

Redfin (RDFN +0.00%) has said that it aims to produce positive adjusted EBITDA over the next four quarters, and that the business will achieve positive net income by the end of 2024. But are these projections realistic? Here's what Fool.com contributor Tyler Crowe and I think.

*Stock prices used were the afternoon prices of Oct. 26, 2023. The video was published on Oct. 26, 2023.

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About the Author

Matt Frankel, CFP
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst specializing in the real estate and financial sectors. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, Globe St, The National Desk, and other TV networks and publications for his real estate, financial, stock market, and investing expertise.
TMFMattFrankel
X@MattFrankelCFP

Matthew Frankel, CFP® has positions in Redfin. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Redfin. The Motley Fool recommends the following options: short November 2023 $12 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. 

Stocks Mentioned

Redfin Stock Quote
Redfin
NASDAQ: RDFN
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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