RDN Similar Chart Price Prediction
The price of RDN is predicted to go up -1.82%, based on the high correlation periods with SR. The similarity of these two price pattern on the periods is 96.51%.
RDN
SR
Down: -1.82%Similarity: 96.51%
RDN Revenue Forecast
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RDN Analyst's Forecast
Mark Devries
Barclays
Hold
2024-10-08
Price Target
$32 → $33
Downside
-3.82%
Barclays raised the firm's price target on Radian Group to $33 from $32 and keeps an Equal Weight rating on the shares as part of a Q3 earnings preview for mortgage finance group. The 30-year mortgage rate is down 74 basis points since Q2, resulting in refinance applications up 90% year-over-year, the analyst tells investors in a research note. The firm maintains its preference for balanced business models but recognizes the outlook is "incrementally more positive."
