Zillow Group Inc. Crosses Above Analyst Target Price of $81.48

Zillow Group Inc (ZG) shares have crossed above the average analyst 12-month target price of $81.48, reaching $81.51/share. There are 25 different analyst targets within the Zacks coverage universe contributing to that average, with some targeting as low as $60 and as high as $100. The average rating is 2.11, with 13 strong buy ratings, 1 buy rating, 13 hold ratings, 0 sell ratings, and 1 strong sell rating.

Zillow Group Inc (ZG) shares have crossed above the average analyst 12-month target price of $81.48, reaching $81.51/share. This development comes as analysts have been adjusting their price targets and ratings in response to the company's recent financial performance and strategic initiatives.

Analysts within the Zacks coverage universe have provided a range of price targets, with some as low as $60 and as high as $100. The average rating stands at 2.11, with a majority of analysts (13) rating the stock as a strong buy. Additionally, there are 13 hold ratings, 1 buy rating, and 1 strong sell rating.

Cantor Fitzgerald recently raised its price target on Zillow Group to $74.00 from $60.00, maintaining a Neutral rating. The investment firm highlighted the company's strong financial health, including a current ratio of 3.34 and a balance sheet with more cash than debt. Cantor Fitzgerald also noted progress in Zillow's Enhanced Market strategy and strength in both Rentals and Mortgages segments [1].

Evercore ISI raised its price target for Zillow Group to $95.00, maintaining an Outperform rating. The firm cited strong earnings performance and strategic corporate actions as key strengths, while also acknowledging valuation concerns and ongoing profitability challenges [1].

Trevor Young from Barclays set a price target of $66.00 for Zillow Group, which is significantly lower than the average target. This target reflects a cautious outlook on the company's valuation and profitability [2].

Zillow Group reported its second-quarter earnings, revealing revenue of $655 million, which exceeded analyst expectations. The company's adjusted EBITDA of $155 million and a 24% margin align with the high end of its outlook range. However, the adjusted earnings per share were $0.40, slightly below the analyst consensus of $0.42 [1].

The average price target for Zillow Group is $78.83, with a high forecast of $95.00 and a low forecast of $60.00. This average target represents a -0.53% change from the last price of $79.25 [3].

Institutional investors have been actively adjusting their positions in Zillow Group. For instance, Tiger Global Management LLC added 902,643 shares to its portfolio in Q1 2025, while CALEDONIA (PRIVATE) INVESTMENTS PTY LTD removed 1,364,469 shares from its portfolio in the same period [2].

Overall, Zillow Group's recent performance and analyst adjustments reflect a mixed outlook, with some analysts expressing optimism and others caution. Investors should closely monitor the company's future earnings reports and strategic initiatives to make informed investment decisions.

References:
[1] https://www.investing.com/news/analyst-ratings/cantor-fitzgerald-raises-zillow-group-stock-price-target-to-74-on-strong-q2-93CH-4177583
[2] https://www.quiverquant.com/news/New+Analyst+Forecast%3A+%24ZG+Given+%2466.0+Price+Target
[3] https://www.tipranks.com/stocks/zg/forecast