KeyBanc upgraded real estate marketplace Zillow to overweight from sector weight, citing its strong app experience, innovation, and potential to benefit from an improving housing market. Analyst Sergio Segura raised his full-year revenue estimates for 2025 and 2026, expecting mid-teens growth driven by Zillow's integrated app and expanding offerings into rentals and mortgages.
KeyBanc said Zillow has more room to run ahead as the housing market improves. The firm upgraded the real estate marketplace to overweight from sector weight. Its price target of $100 implies upside of 26.3%. Analyst Sergio Segura highlighted Zillow 's app experience and innovation as a catalyst for stock growth . He added that an increase in existing home sales could serve as a macroeconomic tailwind for the firm.
"We believe Zillow's integrated app experience and increased penetration of enhanced markets can continue driving mid-teens growth in a historically challenging real estate market," Segura said "Coupled with high incremental margins and a disciplined investment framework, we believe Zillow is poised for outsized margin expansion.
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