Zillow Group price target lowered to $62 from $78 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Zillow Group (ZG) to $62 from $78 and keeps a Neutral rating on the shares. Zillow reported Q4 EBITDA and a 2026 outlook largely in-line with estimates, and Zillow expects the housing market to remain challenged throughout 2026, despite improving affordability relative to 2023 peak unaffordability, the analyst tells investors in a research note. Unexpected legal expenses and an implied revenue deceleration throughout the year limited upside, which could lead to questions about the 2026 revenue growth exit-rate and the secular growth in Zillow and its ability to continue outperforming the market in the long-term, the firm says.