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In fact, Zillow stock soared when the Federal Reserve surprised some investors by cutting the Federal Funds rate by 50 basis points, kicking off a new rate-cutting cycle.
Stephens analyst John Campbell, with an Overweight rating and $73 price target, writes that ZG entered fourth-quarter as the top-performing stock in his coverage (+18.3% YTD vs. Russell 2000 +2.6% ...
Kurnos rates Zillow a buy with a price target of $60 a share. Bank of America has downgraded the stock from “buy” to “neutral” and Spruce Point Capital says to short shares.
Zillow's solid third-quarter results impressed investors. Home & Garden. Lighter Side
The price represents the normal consideration for the property sold, unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. Note that this definition differs from the most commonly used definitions of market value or fair market value.
Zillow delivered better-than-expected results and the housing market is improving.
Falling interest rates should lead to a more active housing market.
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