Reported 22 days ago
Wedbush analysts have upgraded Zillow Group shares from Neutral to Outperform, citing favorable trends in the housing market, particularly the recent drop in mortgage rates to their lowest since February 2023. The analysts suggest that lower mortgage rates could serve as a positive catalyst for Zillow's stock performance in the upcoming months, supported by the company's strong software and services initiatives. Following the upgrade, Zillow shares rose after gaining 12% the previous week.
Source: YAHOO