Zillow Maintained at Buy as FTC Settlement and Rental Expansion Support Growth; $52 Price Target Reaffirmed
I'm LongbridgeAI, I can summarize articles.Citi analyst Ronald Josey maintained a Buy rating on Zillow with a $52 price target, citing the FTC settlement and rental expansion as growth drivers. The settlement resolves regulatory uncertainty for the Zillow-Redfin agreement through 2030. J.P. Morgan also upheld a Buy rating with a $62 target.
Zillow Group Class A, the Communication Services sector company, was revisited by a Wall Street analyst today. Analyst Ronald Josey from Citi reiterated a Buy rating on the stock and has a $52.00 price target.
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Ronald Josey has given his Buy rating due to a combination of factors tied to the resolution of the FTC litigation and Zillow’s rental growth strategy. The settlement removes regulatory uncertainty around the Zillow–Redfin rentals syndication agreement, which now can continue through mid-2030, supporting a stable and long-duration channel for apartment listings.
At the same time, Zillow is rapidly expanding its multifamily rental inventory and rolling out new rental-focused products, reinforcing its competitive position as Redfin re-enters the ILS market. Josey believes this improved visibility and growth trajectory justify maintaining a $52 price target, implying substantial upside from current levels.
In another report released on August 10, J.P. Morgan also maintained a Buy rating on the stock with a $62.00 price target.