Zillow Upgraded, Analyst Predicts Strong Growth With Lower Mortgage Rates On The Horizon
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 16 2024
0mins
Should l Buy Z?
Source: Benzinga
Zillow Stock Upgrade: Zillow Group, Inc. shares rose after Wedbush upgraded the stock from Neutral to Outperform and increased its price target from $50 to $80, citing potential benefits from lower mortgage rates for its brokerage business.
Revenue Projections: Analyst Jay McCanless raised FY25 revenue estimates to $2.5 billion and AEBITDA to $679 million, with growth expected in Residential and Rental revenues, while also projecting a 5% year-over-year increase in mortgage revenue.
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Analyst Views on Z
Wall Street analysts forecast Z stock price to rise
8 Analyst Rating
3 Buy
5 Hold
0 Sell
Moderate Buy
Current: 45.310
Low
70.00
Averages
87.40
High
100.00
Current: 45.310
Low
70.00
Averages
87.40
High
100.00
About Z
Zillow Group, Inc. helps people find and get the home they want by connecting them with digital solutions, dedicated partners and agents, and buying, selling, financing, and renting experiences. The Company’s affiliates, subsidiaries, and brands include Zillow, Zillow Premier Agent, Zillow Home Loans, Zillow Rentals, Trulia, Out East, StreetEasy, HotPads, ShowingTime+, Spruce, and Follow Up Boss. It helps renters, buyers, sellers, and real estate professionals across all their residential real estate needs through its housing super app, which serves as an ecosystem of connected solutions for the tasks and services related to moving. It provides integrated transaction experience for movers through Zillow, its network of partners, its affiliated brands, and through a comprehensive suite of marketing software and technology solutions for the real estate industry, including ShowingTime+, Follow Up Boss and Spruce. It offers multifamily property managers a variety of advertising products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Accelerated Industry Collaboration: Following the launch of Zillow Preview just a week ago, 24 additional brokerages have signed agreements to enhance transparency in home listings, thereby improving information access for buyers and sellers during the home shopping journey and increasing market competitiveness.
- Enhanced User Reach: Zillow Preview allows listing agents to tap into an audience of 235 million unique users monthly, nearly 2.5 times the reach of its nearest competitor, significantly boosting property visibility and potential transaction opportunities.
- Positive Market Response: Brokerages such as Engel & Völkers and Samson Properties have expressed that Zillow Preview's transparency strategy aligns with market trends and provides clients with greater choices and better sales outcomes, further solidifying Zillow's leadership position in the real estate market.
- Compliance Assurance: Zillow Preview enables brokerages to incorporate the platform into their listing strategies while adhering to local MLS rules, ensuring maximum property visibility in the market and facilitating compliant early-stage marketing opportunities.
See More
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- Rapid Industry Adoption: Within a week of launching Zillow Preview, 24 brokerages have signed on, indicating a growing market demand for transparent pre-market listings and driving a consumer-first transformation in the real estate sector.
- User Reach Advantage: Zillow Preview allows listing agents to tap into an unmatched audience of 235 million unique monthly users, nearly 2.5 times the reach of competitors, significantly enhancing property visibility and increasing potential buyer interest and closing opportunities.
- Revenue Sharing Model: Through Zillow Preview, listing agents have the opportunity to earn a share of the revenue Zillow generates when a buyer closes with a Zillow Preferred agent, enhancing agents' income potential while providing consumers with no additional costs for the service.
- Market Transparency Trend: The launch of Zillow Preview aligns with brokerages' demand for public market visibility, enabling agents to showcase listings early in the process, thereby enhancing interaction between buyers and sellers and promoting transparency in real estate transactions.
See More
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- AI Mode Launch: Zillow has introduced its AI mode, designed to assist buyers and renters in discovering homes through conversation and enabling real actions like scheduling tours and connecting with agents, thereby enhancing user experience and streamlining the home-buying process.
- Personalized Services: This mode adapts to user activities over time, remembering preferences and providing context-aware guidance, helping users better understand homes, assess affordability, and book tours directly within the platform, enhancing interactions with real estate professionals.
- Market Impact: The launch of Zillow AI mode signifies further innovation in the real estate market, expected to attract more users to its platform, thereby increasing market share and strengthening competitive positioning.
- Responsible AI Design: Zillow AI mode is built on responsible innovation principles, ensuring transparency and preventing discriminatory steering, aiming to enhance consumer trust while adhering to industry regulations.
See More
Zillow Group Inc. Launches Beta Version of AI, Plans Expansion Through 2026
Company Overview: Zillow Group Inc. is set to introduce a new feature called "AI Mode" in its services.
Expansion Plans: The company has outlined plans for expansion that will be implemented throughout 2026.
See More
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Announcement of New Feature: Zillow Group Inc. has announced the launch of a new feature called Zillow AI Mode, designed to enhance guided home discovery and actions for users.
Focus on User Experience: The new AI Mode aims to improve the overall user experience by providing personalized recommendations and streamlined navigation for home seekers.
See More
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- Mid-Cycle Target Update: The company sets mid-cycle targets including total revenue of $5 billion, adjusted EBITDA margin of 45%, and net income margin of 25%, reflecting Zillow's confidence in future market performance and strategic planning.
- User Engagement Growth: Zillow's real estate app and website attract an average of 235 million unique users monthly, with 80% accessing directly, underscoring its critical role in consumer decision-making and solidifying its market leadership.
- AI Platform Advantages: Zillow's AI-native housing platform enhances consumer experiences and real estate professionals' efficiency by integrating content, context, and transaction infrastructure, signaling the company's innovative capabilities and competitive edge in the industry.
See More
