Zillow Group Inc. (NASDAQ:ZG) is one of the 12 best buy-the-dip stocks to invest in now.
On June 10, RBC Capital decided to reduce its price target on Zillow Group (NASDAQ:ZG) from $95 to $70, but it chose to keep an Outperform rating on the stock
RBC points out that Zillow’s enhanced market strategy continues to generate visible and durable faster-than-market growth rates, which they see as a critical piece of the overall bull case. Copyright: vikalipa / 123RF Stock Photo However, the firm also noted that tech innovations are creating headwinds. Specifically, they stated that large language model product innovation and Google, in particular, with its increasingly sophisticated agentic aggregation capabilities, are highly likely to act as an immovable overhang for digital marketplaces for the foreseeable future.
The firm shared these balanced points to explain why they lowered the target while maintaining their positive rating on the shares. On May 5, a new benchmark for industry transparency was set when Zillow Group Inc. (NASDAQ:ZG) and Realtor.com announced a partnership to expand pre-market “Preview” listings on both platforms. Both websites will allow users to examine these early-access listings without the need for certain brokerage affiliations or unique logins.