Zillow down as BofA cuts PT

Zillow

21/04/2025 18:20

** Real estate services provider Zillow Group's ZG.O shares fall 3.2% to $59.54

** BofA Global Research cuts PT to $72 from $83

** Brokerage expects another year of muted home volumes given affordability challenges and growing macro uncertainty on tariffs and recession risk

** In the near- to medium-term, BofA believes uncertainty over mounting real estate commission lawsuits could be disruptive to ZG's buy side revenue (nearly 50% of total) and weigh on investor sentiment

** 21 of 25 brokerages rate the stock "buy" or higher, four "hold"; their median PT is $47.50, according to data compiled by LSEG

** ZG down ~15% YTD, as of Thursday's close

 (Reporting by Juby Babu in Mexico City)

 ((Juby.Babu@thomsonreuters.com))