Following the RKT announcement of Redfin acquisition, we acknowledge the long-term strategic potential of the deal while integration risks persist and the extended timeline to accretion may weigh on the stock in the near term. We see RKT shares are likely to remain range-bound until there is greater clarity on the interest rate trajectory. Investor skepticism regarding integration complexity, the timeline to accretion, and the impact on RKT's core business focus will need to be addressed through clear execution and delivery of promised synergies.
