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Barclays upgrades Zillow as it sees improved execution
['Pratyush Thakur', 'Thu January At Pm Gmt', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Investing.com -- Barclays upgraded Zillow to Equal Weight from Underweight, citing improved execution while challenges in the US housing market persist.
Zillow has delivered mid-teens revenue growth and mid to high-20s adjusted EBITDA growth for two consecutive years, despite a weak residential backdrop.
First, Zillow’s ability to outperform transaction volumes over the past two years has increased confidence in execution.
Third, valuation looks more reasonable, with Zillow trading at about 17x Barclays’ 2027 EBITDA estimate against expected EBITDA growth of about 22% in 2026.
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