Redfin (RDFN, $17.98) gets upgraded to overweight from underweight by Stephens

Real-estate brokerage company Redfin’s shares climbed more than +6% Monday, following a rating upgrade by Stephens.

Stephens analyst John Campbell raised his rating on the stock to overweight from underweight. He also increased his price target to $23 from $18. 

Campbell cited Redfin’s market position, strategy, its drive towards e-commerce as factors behind the optimism. He also indicated that Redfin stock is currently at an attractive valuation. He expects improved operating results at Redfin in the near future starting with “impressive 2Q19 results”.  

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.