These are top 10 stocks traded on the Robinhood UK platform in July
On Wednesday, Cantor Fitzgerald analyst Deepak Mathivanan maintained a Neutral rating on Zillow Group (NASDAQ:ZG) shares but increased the price target from $62.00 to $70.00. The adjustment followed Zillow’s fourth-quarter earnings report, which exceeded analyst expectations. Zillow’s revenue and EBITDA surpassed Visible Alpha consensus estimates by 1% and 3%, respectively. The performance was noted as outpacing prior guidance despite a volatile real estate market. According to InvestingPro data, the stock has shown remarkable strength with a 70% return over the past six months, trading near its 52-week high of $86.58.
For the first quarter, Zillow provided guidance that was slightly below analyst expectations, with projected revenues and EBITDA at the high-end falling short by 2% and 12%, respectively. However, for the fiscal year 2025, Zillow anticipates revenue growth in the low-to-mid teens year-over-year, assuming a low-to-mid single-digit real estate market growth. InvestingPro analysis indicates strong financial health with a current ratio of 3.13 and more cash than debt on its balance sheet, though the stock appears overvalued at current levels.
The company also signaled potential increases in variable costs but expects fixed cost inflation to remain modest throughout 2025. Zillow is planning to broaden its market coverage, particularly in emerging markets, and intends to invest in the mortgage sector and other business segments.
Mathivanan highlighted that the fourth quarter was strong for Zillow, but also pointed out that the company’s core business fundamentals are still closely tied to the fluctuations of the broader real estate market across various segments. This connection underscores the company’s ongoing exposure to industry-specific risks.
In other recent news, Zillow Group has been the subject of various analyst reviews. UBS analyst Chris Kuntarich reaffirmed a Buy rating on Zillow Group with a steady price target of $98.00. Kuntarich adjusted his forecasts for the company’s financial performance, noting a slight increase in revenue estimates for fiscal year 2025, now up by 0.8%.
Benchmark analyst Daniel Kurnos increased Zillow Group’s price target to $100 from the previous $80 while maintaining a "Buy" rating on the stock. Kurnos expressed optimism about Zillow’s performance, suggesting that the 2025 consensus estimates are well-aligned with expectations.
KeyBanc’s analyst Sergio Segura upgraded the stock from Sector Weight to Overweight, setting a new price target of $100. Segura’s analysis suggests that Zillow could surpass current Wall Street estimates without relying on an increase in existing home sales through the year 2026.
DA Davidson maintained a Buy rating on Zillow with an $80.00 price target. The firm’s endorsement came after examining the U.S. housing industry transaction data for December, which DA Davidson believes strengthens their positive outlook on Zillow Group’s performance.
Lastly, UBS increased its price target for Zillow Group shares to $98 from the previous target of $90, while keeping a Buy rating on the stock. The revised forecast for fiscal year 2025 revenue and EBITDA is now slightly higher at $2.56 billion and $686 million, respectively.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.