How low will Zillow stock go?
Stock Price Forecast
On average, Wall Street analysts predict that Zillow's share price could fall to $54.00 by Feb 1, 2025. The average Zillow stock price prediction forecasts a potential downside of 3.42% from the current ZG share price of $55.91.
The average price target for Zillow Group Inc Class A is $56.56. This is based on 12 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $70.00 ,the lowest forecast is $32.00. The average price target represents 1.16% Increase from the current price of $55.91.
Shares of Zillow Group Inc. were knocked lower Wednesday following a Wall Street analyst's call to stop buying, saying prices already reflect a recovery in the housing market.
Based on analysts offering 12 month price targets for Z in the last 3 months. The average price target is $59 with a high estimate of $65 and a low estimate of $50.
Z Stock 12 Months Forecast
Based on 5 Wall Street analysts offering 12 month price targets for Zillow Group Class C in the last 3 months. The average price target is $59.00 with a high forecast of $65.00 and a low forecast of $50.00. The average price target represents a 3.06% change from the last price of $57.25.
The stock has a long-term earnings growth expectation of 4.7%. It delivered an earnings surprise of 104.3%, on average, in the trailing four quarters. It has an average brokerage recommendation (ABR) of 2.1 on a scale of 1 to 5 (Strong Buy to Strong Sell).
Zillow makes money by selling advertising on Zillow.com and the Zillow mobile app to property management companies with vacancies, real estate agents looking for buyers and sellers, and mortgage lenders looking for borrowers. And it also sells to general advertisers, especially ones in the real estate industry.
The upgrade comes amid expectations that falling interest rates will boost real estate sales. Zillow stock closed higher in eight of the last 10 trading sessions. Earnings last quarter fell 13% to 33 cents per share.
What is the controversy about Zillow?
By spring of 2021, the market had overheated to a point where Zillow's much-lauded algorithm, the backbone of its home-flipping strategy, was struggling to make accurate pricing predictions. Believing its own inflated numbers, say analysts, the company began overpaying for homes all across the country.
The full company, which includes Zillow's profitable home-listing and advertising business, posted a consolidated net loss of $528 million in 2021, mostly because of its home-flipping business, Zillow Offers.
Zillow underwent a stock split in 2015 while generating new share classes and now trades under the tickers Z and ZG. Z is for the new class of non-voting stock, C shares, while the A shares trade under the symbol ZG. Stock splits often have to do more with financial engineering than with company fundamentals.
Class A shares will have a symbol change from Z to ZG. The stock is EX on this date and commences trading at the adjusted price. Class C shares will have a symbol change from ZCVVV to Z, and commence trading on a regular way (T+3) basis.
What is C's average 12-month price target, according to analysts? Based on analyst ratings, Citigroup's 12-month average price target is $60.94. What is C's upside potential, based on the analysts' average price target? Citigroup has 12.87% upside potential, based on the analysts' average price target.
Class C shares are often purchased by investors who have less than $1 million in assets to invest in a fund family and who have a shorter-term investment horizon, because during those first years Class C shares will generally be more economical to purchase, hold and sell than Class A shares.
How accurate is the Zestimate? The nationwide median error rate for the Zestimate for on-market homes is 2.4%, while the Zestimate for off-market homes has a median error rate of 7.49%.
Another study analyzed a dataset consisting of 6,627 forecasts made by 68 forecasters. It found that while some forecasters did “very well,” the “majority perform at levels not significantly different than chance.” Overall, only 48% of forecasts were correct.
What is META's average 12-month price target, according to analysts? Based on analyst ratings, Meta Platforms's 12-month average price target is $525.59. What is META's upside potential, based on the analysts' average price target? Meta Platforms has 12.28% upside potential, based on the analysts' average price target.
Largest shareholders include Caledonia (Private) Investments Pty Ltd, Vanguard Group Inc, BlackRock Inc., Capital World Investors, VGSIX - Vanguard Real Estate Index Fund Investor Shares, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, AGTHX - GROWTH FUND OF AMERICA Class A, Contour Asset Management LLC ...
Has Zillow ever been profitable?
In April 2008, Zillow launched a mortgage marketplace. Later that month, the Zillow iPhone app was released. Apps for Android and Windows Mobile soon followed. In 2010, Zillow became profitable for the first time.
The average number of showings for a house on the market
You may find that the number of showings for your home on the market can vary greatly depending on its features, location, pricing, and other factors. Generally speaking, you will likely get an average of around 5-12 showings to find the right buyer.
While there is no specific threshold for the number of saves on Zillow that can be deemed “good,” a higher number of saves generally indicates a higher level of interest from potential buyers. However, it's important to note that saves alone may not guarantee showings or indicate genuine buyer intent.
A target price is an estimate of the future price of a stock. Target prices are based on earnings forecasts and assumed valuation multiples. Target prices can be used to evaluate stocks and may be even more useful than an equity analyst's rating.
Stock Price Forecast
The 22 analysts offering 12-month price forecasts for Zillow Group Inc have a median target of 55.00, with a high estimate of 79.00 and a low estimate of 32.00. The median estimate represents a -2.72% decrease from the last price of 56.54.