Fly News Breaks for February 13, 2020
Feb 13, 2020 | 09:15 EDT
Stephens analyst John Campbell believes many investors had begun questioning the core Redfin business model and whether the company would ever turn a profit, but he now sees a "breakthrough story developing" given the increasingly positive results throughout the year, capped by "stellar" Q4 results. In his view, Redfin is still only in the early stages of benefiting from a long investment cycle, said Campbell, who reiterated an Overweight rating on the stock and raised his price target to $33 from $30.
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