Analyst Mike Ng of Goldman Sachs maintained a Hold rating on Zillow Group Class A, with a price target of $74.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Mike Ng has given his Hold rating due to a combination of factors including Zillow Group’s recent financial performance and market valuation. The company’s second-quarter 2025 EBITDA of $155 million slightly exceeded consensus expectations, and its residential revenue growth outperformed the broader real estate market. Despite these positive indicators, Ng remains cautious due to the company’s current valuation, which is trading at approximately 32 times its enterprise value to EBITDA for 2025.
Furthermore, Zillow Group’s revenue guidance for the third quarter of 2025 aligns closely with market expectations, suggesting limited upside potential in the near term. While the company is making strides in its Rentals segment and expanding its market coverage, Ng’s Hold rating reflects a balanced view of these growth prospects against the backdrop of a challenging housing market and the stock’s current trading levels.
According to TipRanks, Ng is a 5-star analyst with an average return of 12.6% and a 56.02% success rate. Ng covers the Technology sector, focusing on stocks such as Apple, Cisco Systems, and Arista Networks.
In another report released yesterday, Robert W. Baird also maintained a Hold rating on the stock with a $87.00 price target.