UBS Group Raises Price Target for Zillow Group, Recommends “Buy” in Latest Research Report

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ZILLOW GROUP ($NASDAQ:ZG), commonly known as Zillow, is an American online real estate marketplace that provides information and resources for home buyers, sellers, renters, and real estate professionals. In a recent research report, UBS Group, a Swiss multinational investment bank and financial services company, announced an upgrade to their price target for Zillow Group shares. Along with this upgrade, UBS also awarded Zillow Group with a “buy” rating, indicating their confidence in the company’s future growth and performance. This news comes as a positive sign for Zillow Group, which has seen significant growth in its stock value over the past year. This is due in part to the increasing demand for online real estate services as more people turned to virtual options for home buying and selling. UBS Group’s strong endorsement of Zillow Group’s stock reflects the company’s continued success and potential for future growth.

Zillow Group has been actively expanding its services beyond just real estate listings, with the introduction of Zillow Offers – a service that allows homeowners to sell their homes directly to Zillow – and Zillow Home Loans – a mortgage lending service. These new ventures have contributed to the company’s revenue growth and are expected to drive further expansion in the future. With UBS Group’s latest research report highlighting Zillow Group’s potential for continued success, investors may be enticed to consider adding Zillow Group shares to their portfolios. As more home buying and selling activities continue to shift towards online platforms, Zillow Group is well-positioned to capitalize on this trend and maintain its position as a leader in the real estate market.

Price History

UBS Group, a leading global investment bank, has recently released a new research report on Zillow Group, one of the largest online real estate marketplaces in the United States. On Tuesday, Zillow Group’s stock opened at $61.3 and closed at $58.61, showing a decrease of 3.68% from the previous day’s closing price of $60.85. The UBS Group research report highlights Zillow Group’s strong performance in the real estate market, with the company’s online platform being a popular choice among home buyers and sellers. Zillow Group’s innovative technology and user-friendly interface have helped it become a trusted name in the industry and attract a large customer base. Moreover, the report also mentions Zillow Group’s recent strategic partnerships and acquisitions, which have further strengthened its position in the market. The company’s recent acquisition of ShowingTime, a leading platform for real estate agents to schedule showings and manage appointments, is expected to enhance Zillow Group’s services and increase its market share.

UBS Group also recognizes Zillow Group’s efforts to diversify its revenue streams through its mortgage business and home-flipping division. These initiatives have helped the company generate steady revenue growth and reduce its dependence on advertising revenue. The updated price target reflects the bank’s confidence in the company’s future performance and potential for long-term growth. With the recent price target increase and a “Buy” recommendation, Zillow Group’s stock is likely to attract more attention from potential investors in the coming days. 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 conducting a comprehensive analysis of ZILLOW GROUP‘s financial health, I can confidently say that the company has an intermediate health score of 6/10. This means that while ZILLOW GROUP may not be the strongest player in the market, it is still in a good position to weather any potential crises. One of the factors contributing to ZILLOW GROUP’s intermediate health score is its cashflows and debt. Based on the Star Chart, it appears that the company has enough cashflow to sustain its operations, even in times of crisis. This is a positive sign for investors as it shows that ZILLOW GROUP has a solid financial foundation. In terms of its assets, ZILLOW GROUP is considered to be strong. This can be attributed to the fact that the company has a large amount of assets after deducting its liabilities. This indicates that ZILLOW GROUP has valuable resources that can contribute to its growth and profitability. Speaking of growth and profitability, ZILLOW GROUP falls into the medium range in these areas. While it may not be the strongest performer, it still has potential for growth and has shown a level of profitability that is satisfactory. On the other hand, ZILLOW GROUP is classified as weak in terms of its dividend. This means that the company may not offer a high dividend yield to investors. However, this should not be a deterrent for investors as ZILLOW GROUP still offers potential for long-term growth and profitability. Overall, I would classify ZILLOW GROUP as an ‘elephant’ type of company. This means that it is rich in assets after deducting off liabilities. This is a positive sign for investors as ZILLOW GROUP has a strong financial position and is well-equipped to handle any potential challenges or market fluctuations. In my opinion, ZILLOW GROUP may be attractive to investors who prioritize stability and long-term growth over immediate dividends. The company’s solid financial foundation and potential for growth make it a promising investment opportunity. Additionally, those looking to diversify their portfolio with a strong player in the real estate market may also be interested in ZILLOW GROUP. 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

Zillow Group, a leading online real estate marketplace, recently received a price target increase from UBS Group, with a “buy” rating. This indicates optimism in Zillow’s future performance, as the price target was raised from $70 to $80.

However, on the same day, the company’s stock price decreased. This could potentially be due to market volatility or investors taking profits after the recent price increase. It is important to consider both positive and negative factors when analyzing a stock, and to not solely rely on analyst ratings. Further research and analysis would be beneficial in determining the potential for growth and success of Zillow Group in the future.