Zillow falls after Evercore downgrade on monetization shift
-8.48% to $33.76 from $36.89
What moved ZG
- Evercore ISI downgraded Zillow to In Line from Outperform and cut its price target to $40 from $80, citing a shift in the company’s monetization strategy and a soft outlook for the second half of 2026.
- The downgrade followed Zillow’s latest quarterly report showing revenue up 18% year-over-year to $772 million alongside a net loss of $4 million.
Sources: Investing.com