Zillow Group (Z) News Today

Zillow Group, Inc. (NASDAQ: Z) shares have seen movement following a mixed batch of Q2 results, updated guidance and analyst revisions. Investors are weighing strong revenue growth and strategic positioning against margin pressures and cautious forward profit guidance.

• Positive Sentiment: JPMorgan Chase & Co. raised its price target on Z from $79.00 to $94.00 and upgraded the rating to “overweight,” implying an 11.1% upside from current levels. Article Link
• Positive Sentiment: Second-quarter revenues climbed about 14.5% year-over-year to $655 million, topping analyst forecasts as mortgage and rentals units drove growth. GeekWire
• Neutral Sentiment: Bank of America lifted its target on Z from $81.00 to $88.00 but maintained a “neutral” rating, signaling limited near-term upside. Article Link
• Neutral Sentiment: Zillow issued third-quarter revenue guidance of $663 million to $673 million, roughly in line with the consensus estimate of $667.3 million.
• Neutral Sentiment: The company outlined plans to become a central hub for consumers and real-estate agents, reflecting its strategy to integrate services like financing and touring tools. HousingWire
• Negative Sentiment: Q2 earnings per share of $0.40 missed the Zacks consensus of $0.44, as rising costs weighed on margins despite top-line strength. Zacks
• Negative Sentiment: Zillow warned of softer Q3 EBITDA, underpinning concerns about profit margins in the near term. MSN