Barclays Increases Zillow Group’s Price Target and Issues “Underweight” Rating in Latest Report

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Zillow Group ($NASDAQ:ZG) is a leading real estate and rental marketplace that provides users with a variety of tools and resources to buy, sell, rent, and finance properties.

However, a recent research report by Barclays has raised questions about the future performance of Zillow Group. In their report, Barclays increased their price target for Zillow Group from $36.00 to $50.00, indicating their belief that the stock has potential for further growth. However, the report also assigned an “underweight” rating to the stock, which may raise concerns for some investors. An “underweight” rating means that Barclays believes the stock is expected to underperform relative to its industry peers. This rating is based on factors such as valuation, growth potential, and market trends. While the raised price target suggests that Barclays sees potential for further growth in Zillow Group, the “underweight” rating indicates that they believe this growth may not be as strong compared to other companies in the same industry. It is important to note that ratings and price targets from research reports are not guarantees of future performance and should not be the sole basis for investment decisions. Other factors such as company financials, market trends, and industry competition should also be considered. Overall, Barclays’ latest report on Zillow Group suggests a mixed outlook for the company’s stock. While the increased price target may be viewed positively by investors, the “underweight” rating may raise concerns. As with any investment, it is important for individuals to conduct thorough research and analysis before making any decisions.

Market Price

In a recent report, financial institution Barclays has raised its price target for Zillow Group and issued an “underweight” rating for the company’s stock. This news comes after Zillow Group’s stock opened at $69.9 on Friday and closed at $71.26, showing a 1.67% increase from the previous closing price of $70.09. The increase in Zillow Group’s price target by Barclays signals their belief that the company’s stock has the potential to rise in value. This is a positive outlook for the company and may lead to more investors considering buying Zillow Group’s stock.

However, the “underweight” rating issued by Barclays suggests that they believe the stock is overvalued and may not be a good investment opportunity. The rise in Zillow Group’s stock price can also be attributed to its strong performance in the real estate market. The company’s website and mobile app have become popular tools for home buyers and sellers, giving them access to data and resources to make informed decisions. Zillow Group has also expanded its services to include home buying and selling through their Zillow Offers program, which has seen success in multiple markets. Despite these positive developments, Barclays’ “underweight” rating may be based on concerns about Zillow Group’s ability to maintain its growth and profitability in the long term. In conclusion, while Barclays has raised Zillow Group’s price target, their “underweight” rating suggests that they have reservations about the company’s future performance. As with any investment, it is important for investors to conduct their own research and consider all factors before making a decision about purchasing Zillow Group’s stock. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Zillow Group. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Zillow Group. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Zillow Group. More…

Key Ratios Snapshot

Some of the financial key ratios for Zillow Group are shown below. More…

Analysis

After carefully examining the financial statements of ZILLOW GROUP, analyzed by our team at GoodWhale, we have found some key points regarding the company’s financial health. Firstly, according to our Star Chart analysis, ZILLOW GROUP has a strong asset base, indicating that the company holds substantial resources and investments. This is a positive sign for potential investors, as it shows the company has the financial stability to withstand market fluctuations and potential downturns. In terms of growth and profitability, ZILLOW GROUP scores at a medium level. This means that while the company has shown consistent growth in the past, there is still room for improvement in order to maximize profits. However, this also presents an opportunity for investors to potentially benefit from future growth and increasing profitability. On the other hand, ZILLOW GROUP’s dividend score is weak, indicating that the company does not currently offer significant returns to its shareholders in the form of dividends. This may not be appealing to some investors who prioritize regular income from their investments. However, it also suggests that the company is choosing to reinvest its earnings into further growth and expansion. Overall, ZILLOW GROUP has an intermediate health score of 6/10, taking into consideration its cashflows and debt. This suggests that the company may be able to sustain its operations in times of crisis, but may also face some challenges in managing its debt. It is important for potential investors to carefully consider this aspect before making an investment decision. Based on our analysis, we classify ZILLOW GROUP as an ‘elephant’ type of company. This means that the company is rich in assets after deducting off liabilities. This can be a lucrative opportunity for investors who are looking for a financially stable company with a strong asset base. In conclusion, ZILLOW GROUP may be of interest to investors who are seeking a company with strong assets and potential for future growth and profitability. However, it is important for investors to carefully evaluate the company’s debt and overall financial health before making any investment decisions. More…

Peers

Founded in 2006, Zillow Group Inc operates the largest real estate and home-related marketplaces in the United States. The company’s mission is to empower consumers with information and tools to make better decisions about homes, real estate, and mortgages. Zillow Group Inc is a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol Z. BCW Group Holding Inc, Baltic Classifieds Group PLC, and Hemnet Group AB are all leading competitors of Zillow Group Inc in the online real estate database market.

– BCW Group Holding Inc ($LSE:BCG)

Baltic Classifieds Group PLC is a classified ads company that operates in the Baltics, Russia, and other countries in Eastern Europe. It has a market cap of 698.23M as of 2022 and a return on equity of 1.31%. The company was founded in 2006 and is headquartered in Riga, Latvia.

– Baltic Classifieds Group PLC ($OTCPK:HMNTY)

Hemnet Group AB is a Swedish real estate company. The company operates in the online real estate market in Sweden. It offers a platform for buying and selling homes and apartments. The company also offers a range of other services, such as home financing, home insurance, and home moving services. Hemnet Group AB was founded in 2002 and is headquartered in Stockholm, Sweden.

Summary

Barclays recently increased their price target on Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a research report. This suggests that Barclays believes the stock is overvalued and may not perform as well as other investments. This information can be useful for investors looking to make decisions on buying or selling Zillow Group stock. It is important to consider this analysis alongside other factors such as the company’s financial performance and industry trends, in order to make informed investment decisions.