Zillow down as BofA cuts PT

ReutersApr 21, 2025 5:20 PM

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Real estate services provider Zillow Group's ZG.O shares fall 3.2% to $59.54

BofA Global Research cuts PT to $72 from $83

Brokerage expects another year of muted home volumes given affordability challenges and growing macro uncertainty on tariffs and recession risk

In the near- to medium-term, BofA believes uncertainty over mounting real estate commission lawsuits could be disruptive to ZG's buy side revenue (nearly 50% of total) and weigh on investor sentiment

21 of 25 brokerages rate the stock "buy" or higher, four "hold"; their median PT is $47.50, according to data compiled by LSEG

ZG down ~15% YTD, as of Thursday's close

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