1 Nasdaq Growth Stock Down 89% to Buy Now and Hold
Higher interest rates might soften the real estate market, but Redfin is still poised for growth.
Redfin offers dramatically lower brokerage commissions on housing transactions, relying on technology to make it easier and less costly for consumers to buy or sell a home.
Symbol | Last Price | Market Cap | % Δ 1 Yr | % Δ 5 Yr |
---|---|---|---|---|
RDFN
Redfin
|
$10.43 | $1B | -80.2% | |
ROIC |
$16.87 | $2B | -1.0% | 1.4% |
OPEN |
$6.85 | $4B | -54.7% | |
IIPR |
$131.21 | $4B | -22.8% | 792.0% |
HHC |
$84.32 | $4B | -18.7% | -34.1% |
Higher interest rates might soften the real estate market, but Redfin is still poised for growth.
Big net losses and a market fixated on a possible recession have been dragging the stock down for months.
Investors seem to like the company's soaring revenue. But the online real estate broker is still losing money.
RDFN earnings call for the period ending March 31, 2022.
The real estate disruptor just reported some encouraging results.
Rising interest rates could derail the red-hot real estate market, but there's a long-term opportunity in these two stocks.
The brokerage industry could be about to face some serious challenges.
Given that Redfin operates at a loss and the real estate market is starting to cool, could this be a recipe for disaster?
These stocks carry clear risks, but some analysts think the rewards will be worthwhile.
Mounting losses have investors concerned.
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