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On Thursday, Zillow Group (NASDAQ:ZG) stock maintained a Buy rating and an $80.00 price target from DA Davidson. The firm’s endorsement came after examining the U.S. housing industry transaction data for December, which was released on January 24th by the National Association of Realtors (NAR). Currently trading at $80.82, near its 52-week high of $83.67, Zillow has shown remarkable momentum with a 67% gain over the past six months. According to InvestingPro data, analyst price targets for the stock range from $50 to $110, reflecting diverse market opinions. The data showed a robust conclusion to the fourth quarter, which DA Davidson believes strengthens their positive outlook on Zillow Group’s performance.
The analyst from DA Davidson highlighted that the favorable data from the NAR bolsters their confidence in Zillow’s upcoming fourth-quarter earnings. Zillow Group is expected to announce its fourth-quarter financial results on February 11th. InvestingPro analysis shows encouraging signs, with four analysts recently revising their earnings estimates upward, and the company maintaining strong financial health with a current ratio of 3.13. The analyst’s optimism is grounded in the belief that Zillow Group has a very achievable target for its fourth-quarter numbers, suggesting that the company is well-positioned to meet or exceed expectations.
The housing market’s performance is a critical indicator for Zillow Group, which operates an online real estate database. The positive transaction data from December could imply a favorable environment for the company’s operations, potentially impacting its stock positively. Investors and stakeholders in Zillow Group are likely to watch the company’s fourth-quarter earnings report closely to see if the positive industry data translates into strong performance for the company.
Zillow Group’s stock performance leading up to the earnings announcement may reflect investor sentiment regarding the company’s anticipated financial results. The maintained Buy rating and price target by DA Davidson could contribute to shaping expectations and market confidence in Zillow Group’s stock.
As the market anticipates the release of Zillow Group’s fourth-quarter earnings on February 11th, the company’s stock could see movement based on investor reactions to the earnings report and the degree to which the company meets the "very achievable bar" set for its performance. With revenue growth of 13.12% in the last twelve months, investors seeking deeper insights can access comprehensive analysis and additional ProTips through InvestingPro’s detailed research reports, available for over 1,400 US stocks including Zillow Group.
In other recent news, Zillow Group’s earnings and revenue have been a focus of multiple analyst firms. UBS has increased its price target for Zillow to $98 while maintaining a Buy rating. The firm anticipates that the fourth quarter results will likely influence future earnings estimates positively. The revised forecast for fiscal year 2025 revenue and EBITDA is now slightly higher, at $2.56 billion and $686 million, respectively.
Bernstein analysts have also increased the price target for Zillow from $60 to $65, maintaining a Market Perform rating. They have revised their valuation model based on Zillow’s better-than-expected EBITDA run-rate and reassessment of the company’s strategic execution.
DA Davidson analysts have raised the price target from $75 to $80, reaffirming a Buy rating. This adjustment follows the continued expansion of Zillow’s Showcase Listing service.
RBC Capital Markets has raised its price target for Zillow to $88 from $74, maintaining an Outperform rating on the stock. The firm’s analyst highlighted Zillow’s leading position in the digital real estate sector and potential improvements to Zillow’s platform leading to better monetization opportunities.
In other company developments, Zillow Group recently completed the redemption of its 1.375% Convertible Senior Notes due in 2026, issuing approximately 4.53 million shares of Class C capital stock to noteholders. Zillow has also been active in strategic initiatives to enhance its market presence, such as the acquisition of Virtual Staging AI and the expansion of its partnership with Realtor.com.
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