Redfin On The Road To Buy Rocket, Wall Street Watches Spread

JPMorgan's Dae K Lee is raising Redfin Corp‘s RDFN stock price target from $7 to$12.50, matching Rocket Companies' RKT acquisition price. The deal values Redfin's equity at about $1.75 billion, pegging it at two times its projected 2026 revenue.Yet, the market isn’t fully convinced, with Redfin stock trading approximately 12% below the offer price.Read Also: Warren Buffett’s Real Estate Brokerage, Compass Discuss DealRegulatory Hurdles? This Analyst Isn't Sweating It"We do not anticipate significant regula ...