Zillow Group Reaches Analyst Target Price

Core Viewpoint - Zillow Group Inc's shares have surpassed the average analyst 12-month target price of $51.72, currently trading at $52.52, prompting analysts to consider either downgrading their valuation or raising their target price based on the company's fundamental developments [1][3]. Analyst Target Summary - There are 18 different analyst targets contributing to the average for Zillow Group Inc, with the lowest target at $30.00 and the highest at $62.00, resulting in a standard deviation of $8.6 [2]. - The average target price reflects a "wisdom of crowds" approach, encouraging investors to evaluate whether the current price is a stepping stone to higher targets or if the valuation is becoming stretched [3]. Analyst Ratings Breakdown - The current analyst ratings for Zillow Group Inc are as follows: 11 Strong Buy, 1 Buy, 7 Hold, 0 Sell, and 1 Strong Sell, with an average rating of 1.95 on a scale where 1 is Strong Buy and 5 is Strong Sell [4]. - The average rating has improved slightly from 2.11 three months ago to 1.95 currently, indicating a more favorable outlook among analysts [4].