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Redfin aims to be profitable next year. Is that still on track?
Redfin (RDFN 8.49%) 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.
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.
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