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This Disruptive Company Dropped After Earnings but Could Be a Massive Winner for Patient Investors

The real estate market has been awful, and this technology company has suffered.

By Matt Frankel, CFP – Mar 7, 2024 at 6:13AM EST

Redfin (RDFN +0.00%) recently reported a widening loss in the fourth quarter due to the "dreadful" real estate market. However, some company initiatives are not fully reflected in the numbers yet, and an industry trend could be a major long-term catalyst.

*Stock prices used were the afternoon prices of March 5, 2024. The video was published on March 6, 2024.

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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

Matt Frankel has positions in Redfin. The Motley Fool has positions in and recommends Redfin. The Motley Fool recommends the following options: short May 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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