Zillow price target lowered to $65 from $75 at KeyBanc

KeyBanc analyst Sergio Segura lowered the firm’s price target on Zillow (Z) to $65 from $75 and keeps an Overweight rating on the shares. The firm notes Zillow’s 2026 outlook remains largely intact following Q1 results. Growth in mortgages and rentals remains robust, supporting mid-teens revenue growth, KeyBanc says. While guidance implies meaningful margin expansion in the back half of the year, the firm views this largely as a timing issue, with costs weighted toward the first half of 2026.