#6 - Zillow Group (NASDAQ:ZG)
2020 was a great year for Zillow Group (NASDAQ:ZG). The stock climbed a whopping 352%. But 2021 has been a different story for ZG stock. Since closing at a high of $203.79 in mid-February, the stock has dropped 33% as the housing market seems to be cooling.
The housing market was one of the strengths of the pandemic economy. Does 2021 have more growth in store for the sector? That seems to be a topic of some debate. In some areas it appears that sellers are beginning to get the upper hand.
But that only means that prospective buyers are going to have to be more nimble and efficient in their home search. And Zillow puts the information that buyers need in the palm of their hands.
And analysts are still bullish on the stock. The consensus price target of 22 analysts suggests that the stock has over 20% upside from its current level.
About Zillow Group
Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.
Read More - Current Price
- $73.77
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $72.71 (1.4% Downside)
