#4 - Zillow Group (NASDAQ:ZG)
Prior to the pandemic, America was dealing with a housing market with low supply that was offset by weak demand. That supply-demand equation changed dramatically in 2020 and now it’s a seller’s market. Some landlords are moving to get rental homes on the market to take advantage of the premium price that any home can command.
Zillow Group (NASDAQ:ZG) benefited from this trend in 2020. The stock is up over 100% in the trailing twelve months ending May 21. But like several stocks on this list, ZG stock is down for the year as many investors believe that growth will slow dramatically as more Americans go back to old habits of looking at homes in person.
That may be true. But as we’ve seen throughout the pandemic the economy has allowed companies like Zillow to show consumers that the paradigm shift is possible, even with something as hands-on as buying a home. The company fits well with the millennial and Gen-Z consumers that will make up a lot of the market.
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)
