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This Stock Is Up 80% in 2023 -- but Could Have Another Great Year in 2024

This real estate disruptor has done a great job of turning things around.

By Matt Frankel, CFP and Tyler Crowe – Dec 10, 2023 at 6:23AM EST

Redfin (RDFN +0.00%) has performed exceptionally well in 2023, as management has done a great job of focusing on efficiency and maximizing the core business. But there are some reasons Redfin -- and small-cap stocks in general -- could have a great 2024, as Fool.com contributors Matt Frankel, CFP®, and Tyler Crowe discuss in this video.

*Stock prices used were the afternoon prices of Dec. 4, 2023. The video was published on Dec. 5, 2023.

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About the Author

Matt Frankel, CFP
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst and personal finance expert covering financial stocks, REITs, SPACs, and personal finance. 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, The National Desk, and other TV networks and publications for his 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 February 2024 $8 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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